Oxford Lane Capital (NASDAQ:OXLC) Hits New 1-Year Low – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $6.99 and last traded at $7.00, with a volume of 1,834,911 shares trading hands. The stock had previously closed at $7.16.

Oxford Lane Capital Price Performance

The firm has a market capitalization of $686.21 million, a PE ratio of 1.01 and a beta of 0.68. The company’s fifty day simple moving average is $8.99 and its 200 day simple moving average is $9.26.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings results on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.31). The firm had revenue of $166.25 million during the quarter, compared to analysts’ expectations of $244.27 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID grew its position in shares of Oxford Lane Capital by 20.9% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 6,010 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 1,040 shares in the last quarter. Capital CS Group LLC increased its holdings in shares of Oxford Lane Capital by 8.3% in the second quarter. Capital CS Group LLC now owns 20,472 shares of the investment management company’s stock worth $179,000 after purchasing an additional 1,572 shares during the period. WPG Advisers LLC raised its position in shares of Oxford Lane Capital by 79.6% in the first quarter. WPG Advisers LLC now owns 3,914 shares of the investment management company’s stock worth $38,000 after buying an additional 1,735 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of Oxford Lane Capital by 1.7% in the second quarter. Susquehanna International Group LLP now owns 110,333 shares of the investment management company’s stock worth $967,000 after buying an additional 1,833 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Oxford Lane Capital by 62.8% in the first quarter. EverSource Wealth Advisors LLC now owns 7,000 shares of the investment management company’s stock worth $68,000 after buying an additional 2,700 shares in the last quarter. Institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured credit vehicles that typically hold portfolios of senior secured corporate loans and issue multiple classes of debt and equity securities with different levels of risk and return.

The company invests mainly in CLO equity and subordinated debt tranches, as well as selected senior secured loan and other corporate credit investments.