Streetbeat News

OXLC

Oxford Lane Capital Corp.

https://www.oxfordlanecapital.com

Industry

Asset Management

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.

Open

5.22

Mkt cap

1.8B

Volume

783K

High

5.25

P/E Ratio

6.48

52-wk high

5.78

Low

5.22

Div yield

0.21

52-wk low

4.82

Oxford Lane Capital (NASDAQ:OXLC) reported a decrease in Q1 earnings per share from $0.55 last year to $0.43 this year, a 21.82% decrease. However, the company's sales increased by 11.02% from $63.50 million to $70.50 million over the same period.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:05 pm

B. Riley Securities analyst Matt Howlett maintains a Buy rating on Oxford Lane Capital (NASDAQ:OXLC) but lowers the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:42 pm

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