Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) Expected to Announce Earnings on Tuesday

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) is anticipated to issue its resultson Tuesday, May 12th. Analysts expect the company to announce earnings of $2.26 per share and revenue of $244.2660 million for the quarter.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of OXLCL traded down $0.20 during midday trading on Tuesday, reaching $24.19. The stock had a trading volume of 1,739 shares, compared to its average volume of 4,542. The company’s 50-day moving average is $23.98 and its 200 day moving average is $24.04. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $23.14 and a 12-month high of $24.66.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.4219 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.