Oxford Lane Capital (NASDAQ:OXLC) Sets New 1-Year Low – Should You Sell?

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

Oxford Lane Capital Price Performance

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

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results 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 business had revenue of $128.30 million during the quarter, compared to analyst estimates of $247.87 million.

Institutional Investors Weigh In On Oxford Lane Capital

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in Oxford Lane Capital by 1,520.4% in the second 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. Bulldog Investors LLP bought a new position in shares of Oxford Lane Capital during the 3rd quarter valued at $7,573,000. North Ground Capital purchased a new position in shares of Oxford Lane Capital in the 3rd quarter worth $6,771,000. Alpine Global Management LLC bought a new stake in shares of Oxford Lane Capital in the third quarter worth $3,762,000. Finally, Jump Financial LLC purchased a new stake in Oxford Lane Capital during the second quarter valued at $697,000. 6.74% of the stock is currently owned by institutional investors.

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.