Oxford Lane Capital (NASDAQ:OXLC) Reaches New 52-Week Low – What’s Next?

Shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) hit a new 52-week low during trading on Friday . The company traded as low as $12.51 and last traded at $12.4260, with a volume of 1612975 shares changing hands. The stock had previously closed at $14.26.

Oxford Lane Capital Trading Down 15.2%

The company’s 50 day moving average is $14.47 and its 200-day moving average is $16.09. The company has a market capitalization of $1.10 billion, a P/E ratio of 2.06 and a beta of 0.70.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing the consensus estimate of $2.25 by ($1.01). The company had revenue of $128.30 million for the quarter, compared to analyst estimates of $247.87 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its holdings in Oxford Lane Capital by 11.1% in the second quarter. Wedbush Securities Inc. now owns 1,516,297 shares of the investment management company’s stock worth $6,368,000 after acquiring an additional 152,083 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Oxford Lane Capital by 3.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company’s stock worth $2,866,000 after purchasing an additional 22,365 shares during the last quarter. Jane Street Group LLC boosted 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 worth $2,498,000 after purchasing an additional 557,996 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Oxford Lane Capital by 8.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company’s stock valued at $2,433,000 after purchasing an additional 43,330 shares during the last quarter. Finally, Bulldog Investors LLP bought a new stake in Oxford Lane Capital during the 3rd quarter valued at about $7,573,000. Institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.