Oxford Lane Capital (OXLCN) Projected to Post Earnings on Tuesday

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

Oxford Lane Capital Trading Down 0.6%

OXLCN traded down $0.14 during trading on Tuesday, hitting $24.71. The company had a trading volume of 1,191 shares, compared to its average volume of 3,298. Oxford Lane Capital has a one year low of $23.77 and a one year high of $24.90. The firm’s 50-day moving average price is $24.37 and its 200 day moving average price is $24.41.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital makes up about 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.