Oxford Lane Capital (NASDAQ:OXLCO – Get Free Report) is expected to be releasing its results before the market opens on Friday, October 30th. Analysts expect the company to post earnings of $1.81 per share and revenue of $176.68 million for the quarter.
Oxford Lane Capital Stock Performance
Shares of OXLCO stock opened at $23.63 on Thursday. The firm’s 50 day moving average price is $23.70 and its 200-day moving average price is $23.74. Oxford Lane Capital has a one year low of $23.07 and a one year high of $24.98.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. (NASDAQ: OXLCO) is a non-diversified, closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are investment vehicles that generally hold portfolios of senior secured corporate loans, and Oxford Lane seeks to generate income and capital appreciation through exposure to various CLO debt and equity tranches.
The company’s portfolio may include junior debt and equity interests in CLOs, which can provide higher income potential but also carry greater credit and market risk than senior CLO securities.
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