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

Oxford Lane Capital (NASDAQ:OXLC) posted its quarterly earnings data on Tuesday. The investment management company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($1.23), Zacks reports.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock opened at $9.92 on Tuesday. The stock’s 50-day moving average is $9.58 and its 200-day moving average is $11.95. The firm has a market cap of $899.12 million, a price-to-earnings ratio of 1.38 and a beta of 0.64. Oxford Lane Capital has a one year low of $8.01 and a one year high of $23.85.

Hedge Funds Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently made changes to their positions in OXLC. Barclays PLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth approximately $24,253,000. North Ground Capital increased its position in Oxford Lane Capital by 144.6% in the 4th quarter. North Ground Capital now owns 1,032,585 shares of the investment management company’s stock valued at $15,117,000 after acquiring an additional 610,363 shares during the period. Jane Street Group LLC raised its position in Oxford Lane Capital by 1,520.4% during 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 during the last quarter. Eagle Point Credit Management LLC bought a new position in shares of Oxford Lane Capital during the fourth quarter worth about $7,272,000. Finally, Ares Management LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter worth approximately $3,623,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

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.