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Oxford Lane Capital Corp. Provides February Net Asset Value Update
Globe Newswire (Thu, 7-Mar 8:00 AM ET)
Oxford Lane Capital Corp. Provides January Net Asset Value Update
Globe Newswire (Thu, 8-Feb 8:00 AM ET)
Globe Newswire (Fri, 26-Jan 8:00 AM ET)
Globe Newswire (Fri, 19-Jan 4:00 PM ET)
Oxford Lane Capital Corp is a non-diversified closed-end management investment company. The fund's investment objective is to maximize its portfolio's risk-adjusted total return over its investment horizon. Its current focus is to seek that return by investing in equity and junior tranches of CLO(collateralized loan obligation) vehicles, which are collateralized primarily by a diverse portfolio of senior loans, and which generally have little to no exposure to real estate loans, mortgage loans or pools of consumer-based debt, such as credit card receivables or auto loans. Its investment strategy also includes investing in warehouse facilities, which are financing structures intended to aggregate senior loans that may be used to form the basis of a CLO vehicle.
Oxford Lane Capital Corp. - Preferred Stock Shares, 6.00% Series 2029 trades on the NASDAQ stock market under the symbol OXLCO.
As of March 28, 2024, OXLCO stock price climbed to $22.25 with 320 million shares trading.
OXLCO has a market cap of $0.00. This is considered a Sub-Micro Cap stock.
OXLCO has underperformed the market in the last year with a price return of +12.7% while the SPY ETF gained +33.7%. OXLCO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.0% and +1.3%, respectively, while the SPY returned +10.2% and +1.8%, respectively.
OXLCO support price is $22.03 and resistance is $22.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OXLCO stock will trade within this expected range on the day.