Oxford Lane Capital (NASDAQ:OXLC) Posts Quarterly Earnings Results

Oxford Lane Capital (NASDAQ:OXLC) posted its quarterly earnings results on Tuesday. The investment management company reported $1.03 EPS for the quarter, missing the consensus estimate of $2.26 by ($1.23), Zacks reports.

Oxford Lane Capital Stock Performance

OXLC stock opened at $9.56 on Tuesday. The firm has a market cap of $866.04 million, a P/E ratio of 1.38 and a beta of 0.64. The firm’s fifty day moving average is $9.58 and its 200 day moving average is $11.95. Oxford Lane Capital has a 52 week low of $8.01 and a 52 week high of $23.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OXLC. Sunbelt Securities Inc. increased its holdings in shares of Oxford Lane Capital by 377.2% in the fourth quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock worth $56,000 after buying an additional 3,025 shares during the period. Vident Advisory LLC purchased a new position in Oxford Lane Capital in the 4th quarter worth approximately $245,000. XTX Topco Ltd bought a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $497,000. VARCOV Co. bought a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $423,000. Finally, Virtus Investment Advisers LLC boosted its stake in shares of Oxford Lane Capital by 16.0% during the fourth quarter. Virtus Investment Advisers LLC now owns 149,891 shares of the investment management company’s stock valued at $2,194,000 after purchasing an additional 20,682 shares during the period. 6.74% of the stock is owned by institutional investors.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.