Oxford Lane Capital (NASDAQ:OXLC) Sets New 1-Year Low – Here’s What Happened

Oxford Lane Capital Corp. (NASDAQ:OXLC)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $14.49 and last traded at $14.92, with a volume of 1656445 shares changing hands. The stock had previously closed at $14.75.

Oxford Lane Capital Trading Up 1.2%

The business’s 50-day moving average is $17.25 and its two-hundred day moving average is $19.89. The firm has a market cap of $1.35 billion, a P/E ratio of 3.60 and a beta of 0.79.

Institutional Investors Weigh In On Oxford Lane Capital

A number of institutional investors have recently modified their holdings of OXLC. Cambridge Investment Research Advisors Inc. grew its position in shares of Oxford Lane Capital by 14.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 256,656 shares of the investment management company’s stock valued at $1,211,000 after buying an additional 32,047 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Oxford Lane Capital by 18.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 187,966 shares of the investment management company’s stock valued at $887,000 after buying an additional 29,308 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its position in shares of Oxford Lane Capital by 18.9% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company’s stock valued at $10,384,000 after buying an additional 350,000 shares during the last quarter. Quilter Plc bought a new stake in shares of Oxford Lane Capital during the 1st quarter valued at about $47,000. Finally, Money Concepts Capital Corp bought a new stake in shares of Oxford Lane Capital during the 1st quarter valued at about $356,000. Institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

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.