Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) saw unusually-strong trading volume on Thursday . Approximately 82,241 shares were traded during mid-day 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 firm’s 50-day simple moving average is $6.70 and its 200 day simple moving average is $7.32.
Oxford Lane Capital (NASDAQ:OXLC – Get Rating) last released its 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 for the quarter, compared to analysts’ expectations of $64.80 million.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA bought a new stake in shares of Oxford Lane Capital during the 1st quarter worth about $476,000. Quantbot Technologies LP bought a new stake in shares of Oxford Lane Capital in the 1st quarter valued at $186,000. Geneos Wealth Management Inc. lifted its position in shares of Oxford Lane Capital by 199.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 60,027 shares of the investment management company’s stock valued at $434,000 after acquiring an additional 40,000 shares during the period. Wetherby Asset Management Inc. acquired a new position in shares of Oxford Lane Capital during the 1st quarter valued at $145,000. Finally, United Capital Financial Advisers LLC acquired a new position in Oxford Lane Capital during the first quarter worth $109,000.
Oxford Lane Capital Company Profile (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
- The Institutions Turn The Tide For Jabil
- Commercial Metals Company Is Ready To Rebound
- 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.