OXLC Stock Overview
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.14|
|52 Week High||US$8.53|
|52 Week Low||US$5.77|
|1 Month Change||10.75%|
|3 Month Change||4.09%|
|1 Year Change||36.12%|
|3 Year Change||-20.51%|
|5 Year Change||-25.39%|
|Change since IPO||-58.68%|
Recent News & Updates
Top Pick For 2022: OXLC, Yield 12%
2022 is coming fast. Inflation is in the cards, and value stocks should outperform. We introduce our first Pick of the Year for 2022!
Oxford Lane Capital: The Rest Of The Story ('Business Value' Versus 'Paper Value')
Oxford Lane Capital surprised investors recently when it announced its estimated NAV had dropped almost 4% from a month earlier. This seemed out-of-step with this year's positive story about collateralized loan obligations (CLOs) and the corporate loan market generally, and OXLC in particular. Especially given OXLC's recent 11% distribution increase, and the strong distribution coverage outlined in its recent semi-annual report. Investors scratching their heads may be pleased to learn that a CLO's "paper value" may not truly reflect its actual "business value." To put it bluntly, a drop in loan prices that reduces the theoretical value of a CLO's equity, at least on paper, may also increase its profitability.
Oxford Lane Capital estimates NAV rose at least 7.4% in January
Oxford Lane Capital ([[OXLC]] +0.9%) estimates net asset value per share of $5.84-$5.94 at Jan. 31, 2021, or 7.4%-9.2% higher than its $5.44 NAV at the end of December.The estimated range implies that OXLC's closing stock price of $6.23 on Jan. 29, the last trading day of the month, represented a 4.9%-6.7% premium over estimated NAV.
Oxford Lane Capital earnings climb, NAV drives up in Q3
Oxford Lane Capital (OXLC) fiscal Q3 core net investment income of 37 cents per share climbs from 24 cents in the previous quarter.Net asset value of $5.44 per share at Dec. 31, 2020 jump 40% during the quarter vs. $3.88 at Sept. 30, 2020.OXLC rises 1.8% in premarket trading.Total investment income was $31.4M for the quarter ended Dec. 31, 2020, up 4.3% Q/Q.At Dec. 31, 2020, weighted average yield of OXLC's CLO debt investments at current cost
|OXLC||US Capital Markets||US Market|
Return vs Industry: OXLC exceeded the US Capital Markets industry which returned 25.7% over the past year.
Return vs Market: OXLC exceeded the US Market which returned 10.2% over the past year.
|OXLC Average Weekly Movement||3.3%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: OXLC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: OXLC's weekly volatility (3%) has been stable over the past year.
About the Company
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.
Oxford Lane Capital Fundamentals Summary
|OXLC fundamental statistics|
Is OXLC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OXLC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.96|
|Net Profit Margin||235.39%|
How did OXLC perform over the long term?See historical performance and comparison
11.1%Current Dividend Yield
Does OXLC pay a reliable dividends?See OXLC dividend history and benchmarks
|Oxford Lane Capital dividend dates|
|Ex Dividend Date||Feb 11 2022|
|Dividend Pay Date||Feb 28 2022|
|Days until Ex dividend||22 days|
|Days until Dividend pay date||39 days|
Does OXLC pay a reliable dividends?See OXLC dividend history and benchmarks
Is Oxford Lane Capital undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate OXLC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate OXLC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: OXLC is good value based on its PE Ratio (2.7x) compared to the US Capital Markets industry average (15.5x).
PE vs Market: OXLC is good value based on its PE Ratio (2.7x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: OXLC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: OXLC is good value based on its PB Ratio (1.2x) compared to the US Capital Markets industry average (42.2x).
How is Oxford Lane Capital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OXLC's earnings are forecast to decline over the next 3 years (-58.4% per year).
Earnings vs Market: OXLC's earnings are forecast to decline over the next 3 years (-58.4% per year).
High Growth Earnings: OXLC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OXLC's revenue (27.5% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: OXLC's revenue (27.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if OXLC's Return on Equity is forecast to be high in 3 years time
How has Oxford Lane Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OXLC has a high level of non-cash earnings.
Growing Profit Margin: OXLC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: OXLC's earnings have grown by 10.9% per year over the past 5 years.
Accelerating Growth: OXLC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: OXLC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).
Return on Equity
High ROE: OXLC's Return on Equity (44.4%) is considered outstanding.
How is Oxford Lane Capital's financial position?
Financial Position Analysis
Short Term Liabilities: OXLC's short term assets ($87.3M) do not cover its short term liabilities ($112.6M).
Long Term Liabilities: OXLC's short term assets ($87.3M) do not cover its long term liabilities ($314.6M).
Debt to Equity History and Analysis
Debt Level: OXLC's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: OXLC's debt to equity ratio has reduced from 60% to 38.4% over the past 5 years.
Debt Coverage: OXLC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OXLC's interest payments on its debt are well covered by EBIT (6.2x coverage).
What is Oxford Lane Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: OXLC's dividend (11.06%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: OXLC's dividend (11.06%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: OXLC's dividend payments have been volatile in the past 10 years.
Growing Dividend: OXLC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.2%), OXLC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jonathan Cohen (56 yo)
Mr. Jonathan Harris Cohen serves as the Chief Executive Officer at Oxford Square Management, LLC. He has been the Chief Executive Officer of Oxford Square Capital Corp. (formerly, TICC Capital Corp.) since...
Experienced Management: OXLC's management team is considered experienced (3.8 years average tenure).
Experienced Board: OXLC's board of directors are seasoned and experienced ( 12 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40%.
Oxford Lane Capital Corp.'s employee growth, exchange listings and data sources
- Name: Oxford Lane Capital Corp.
- Ticker: OXLC
- Exchange: NasdaqGS
- Founded: 2010
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$999.592m
- Shares outstanding: 122.80m
- Website: https://www.oxfordlanecapital.com
- Oxford Lane Capital Corp.
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:46|
|End of Day Share Price||2022/01/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.