Oxford Lane Capital (NASDAQ:OXLCN – Get Free Report) is expected to issue its results before the market opens on Friday, October 30th. Analysts expect the company to post earnings of $1.81 per share and revenue of $176.68 million for the quarter.
Oxford Lane Capital Trading Up 0.2%
NASDAQ:OXLCN opened at $24.16 on Thursday. The stock has a 50-day moving average price of $24.47 and a 200 day moving average price of $24.57. Oxford Lane Capital has a 12-month low of $23.93 and a 12-month high of $25.10.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a closed-end management investment company that seeks to generate current income and total returns by investing primarily in collateralized loan obligation (CLO) securities. CLOs are structured investment vehicles that typically hold portfolios of senior secured corporate loans.
The company focuses mainly on the equity and junior debt tranches of CLOs, which generally have greater exposure to the performance of the underlying loan portfolios than senior CLO tranches.
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