Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) saw an uptick in trading volume on Thursday . 82,241 shares traded hands during trading, a decline of 94% from the previous session’s volume of 1,494,540 shares.The stock last traded at $5.75 and had previously closed at $6.04.
The business has a 50-day moving average of $6.70 and a two-hundred day moving average of $7.32.
Oxford Lane Capital (NASDAQ:OXLC – Get Rating) last announced its quarterly earnings results on Friday, May 6th. The investment management company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.30 by $0.13. The business had revenue of $55.10 million during the quarter, compared to analyst estimates of $64.80 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. bought a new position in shares of Oxford Lane Capital in the 3rd quarter valued at approximately $25,000. Hudock Inc. boosted its position in shares of Oxford Lane Capital by 472.4% during the first quarter. Hudock Inc. now owns 3,543 shares of the investment management company’s stock worth $25,000 after buying an additional 2,924 shares during the period. Wells Fargo & Company MN raised its holdings in Oxford Lane Capital by 42.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,514 shares of the investment management company’s stock worth $50,000 after acquiring an additional 1,952 shares in the last quarter. Prospera Financial Services Inc bought a new stake in Oxford Lane Capital in the first quarter valued at approximately $52,000. Finally, B. Riley Wealth Management Inc. acquired a new position in shares of Oxford Lane Capital in the first quarter valued at approximately $90,000.
About Oxford Lane Capital (NASDAQ:OXLC)
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.
- Get a free copy of the StockNews.com research report on Oxford Lane Capital (OXLC)
- The Q2 Earnings Season Could Be A Bloodbath
- Commercial Metals Company Is Ready To Rebound
- The Institutions Turn The Tide For Jabil
- A10 Networks: Key 5G Infrastructure Stock that’s Beating the Market
- Allstate: A Safe Stock During Volatile Times, Which Will Benefit From Rising Rates
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.