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

Oxford Lane Capital (NASDAQ:OXLC) announced its quarterly earnings results on Monday. The investment management company reported $1.24 EPS for the quarter, Zacks reports.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLC opened at $15.57 on Monday. The business’s 50 day simple moving average is $16.93 and its 200-day simple moving average is $19.46. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 3.75 and a beta of 0.79. Oxford Lane Capital has a 12 month low of $14.49 and a 12 month high of $27.44.

Institutional Investors Weigh In On Oxford Lane Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Oxford Lane Capital by 1,520.4% in the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock valued at $2,498,000 after buying an additional 557,996 shares in the last quarter. Jump Financial LLC purchased a new stake in Oxford Lane Capital in the 2nd quarter valued at approximately $697,000. Cetera Investment Advisers lifted its stake in Oxford Lane Capital by 18.3% in the 2nd quarter. Cetera Investment Advisers now owns 132,074 shares of the investment management company’s stock valued at $555,000 after buying an additional 20,411 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Oxford Lane Capital in the 2nd quarter valued at approximately $187,000. Finally, Integrated Wealth Concepts LLC lifted its stake in Oxford Lane Capital by 70.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company’s stock valued at $147,000 after buying an additional 12,873 shares in the last quarter. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.