Oxford Lane Capital (OXLCO) to Release Earnings on Tuesday

Oxford Lane Capital (NASDAQ:OXLCO) is expected to release its results before the market opens on Tuesday, May 12th. Analysts expect Oxford Lane Capital to post earnings of $2.26 per share and revenue of $244.2660 million for the quarter.

Oxford Lane Capital Price Performance

Shares of OXLCO stock traded up $0.17 on Tuesday, hitting $23.82. 211 shares of the company’s stock were exchanged, compared to its average volume of 2,485. Oxford Lane Capital has a 12 month low of $22.58 and a 12 month high of $24.01. The company has a 50 day moving average of $23.47 and a 200 day moving average of $23.46.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital makes up about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.