Oxford Lane Capital Key Executives
This section highlights Oxford Lane Capital's key executives, including their titles and compensation details.
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Oxford Lane Capital Earnings
This section highlights Oxford Lane Capital's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2025 | 2025-01-27 | N/A | N/A |
| Read Transcript | Q2 | 2025 | 2024-11-01 | $0.28 | $0.26 |
| Read Transcript | Q1 | 2025 | 2024-07-26 | N/A | N/A |
| Read Transcript | Q4 | 2024 | 2024-05-14 | $0.26 | $0.55 |
| Read Transcript | Q3 | 2024 | 2024-01-26 | $0.50 | $0.39 |
| Read Transcript | Q2 | 2024 | 2023-11-01 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2023-07-31 | $0.60 | $0.43 |
| Read Transcript | Q4 | 2023 | 2023-05-16 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-01-27 | $-0.40 | $0.31 |
| Read Transcript | Q2 | 2023 | 2022-11-01 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2022-08-02 | N/A | N/A |
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 Corp was formed on June 9, 2010 and is domiciled in the United States.
$4.38
Stock Price
$1.91B
Market Cap
-
Employees
Greenwich, CONNECTICUT
Location
Financial Statements
Access annual & quarterly financial statements for Oxford Lane Capital, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $290.64M | $241.84M | $200.63M | $58.26M | $116.00M |
| Cost of Revenue | $77.49M | $65.59M | $54.45M | $32.12M | $31.63M |
| Gross Profit | $213.15M | $176.25M | $146.18M | $26.14M | $84.37M |
| Gross Profit Ratio | 73.34% | 72.88% | 72.86% | 44.86% | 72.73% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $- | $- | $- | $- |
| Other Expenses | $- | $- | $- | $- | $- |
| Operating Expenses | $- | $- | $- | $- | $- |
| Cost and Expenses | $22.68M | $381.33M | $52.67M | $-247.95M | $391.65M |
| Interest Income | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| EBITDA | $267.96M | $-139.48M | $147.96M | $306.21M | $-275.65M |
| EBITDA Ratio | 92.20% | -57.67% | 73.75% | 525.60% | -237.64% |
| Operating Income | $267.96M | $-139.48M | $147.96M | $306.21M | $-275.65M |
| Operating Income Ratio | 92.20% | -57.67% | 73.75% | 525.60% | -237.64% |
| Total Other Income Expenses Net | $-32.86M | $-31.81M | $-22.08M | $-16.28M | $-15.48M |
| Income Before Tax | $235.11M | $-171.29M | $125.88M | $289.93M | $-291.13M |
| Income Before Tax Ratio | 80.89% | -70.83% | 62.74% | 497.66% | -250.98% |
| Income Tax Expense | $- | $- | $- | $- | $- |
| Net Income | $235.11M | $-171.29M | $125.88M | $289.93M | $-291.13M |
| Net Income Ratio | 80.89% | -70.83% | 62.74% | 497.66% | -250.98% |
| EPS | $1.12 | $-1.14 | $1.20 | $3.14 | $-4.14 |
| EPS Diluted | $1.12 | $-1.14 | $1.20 | $3.14 | $-4.14 |
| Weighted Average Shares Outstanding | 209.92M | 150.25M | 104.90M | 92.34M | 70.32M |
| Weighted Average Shares Outstanding Diluted | 209.92M | 150.25M | 104.90M | 92.34M | 70.32M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | March 31, 2024 | September 30, 2023 | March 31, 2023 | September 30, 2022 | March 31, 2022 | September 30, 2021 | March 31, 2021 | September 30, 2020 | March 31, 2020 | September 30, 2019 | March 31, 2019 | September 30, 2018 | March 31, 2018 | September 30, 2017 | March 31, 2017 | September 30, 2016 | March 31, 2016 | September 30, 2015 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $204.20M | $157.58M | $133.07M | $127.67M | $114.17M | $112.18M | $88.45M | $58.90M | $-641.98K | $63.14M | $52.86M | $41.69M | $44.81M | $39.79M | $35.65M | $28.78M | $23.53M | $-20.87M | $29.84M | $1.49M |
| Cost of Revenue | $51.20M | $41.46M | $36.03M | $33.19M | $32.40M | $30.81M | $23.64M | $17.76M | $14.36M | $16.78M | $14.84M | $12.05M | $11.57M | $10.22M | $9.16M | $8.27M | $6.32M | $- | $15.11M | $- |
| Gross Profit | $153.00M | $116.11M | $97.04M | $94.48M | $81.77M | $81.37M | $64.80M | $41.14M | $-15.00M | $46.36M | $38.01M | $29.64M | $33.24M | $29.57M | $26.49M | $20.52M | $17.21M | $-20.87M | $14.73M | $1.49M |
| Gross Profit Ratio | 74.93% | 73.69% | 72.93% | 74.00% | 71.62% | 72.54% | 73.27% | 69.84% | 2336.95% | 73.42% | 71.92% | 71.10% | 74.17% | 74.31% | 74.31% | 71.29% | 73.14% | 100.00% | 49.36% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $558.12K | $1.54M | $627.09K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-537.22K | $-0 | $-599.81K |
| Selling General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $20.90K | $1.54M | $27.28K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $20.90K | $1.54M | $27.28K |
| Cost and Expenses | $120.94M | $21.29M | $1.39M | $97.10M | $284.23M | $119.49M | $-66.82M | $-167.18M | $-80.77M | $259.57M | $139.43M | $79.37M | $28.11M | $8.21M | $27.51M | $170.98K | $-53.06M | $20.90K | $16.65M | $27.28K |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $3.70M | $-42.65M | $2.66M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $3.70M | $-85.31M | $2.66M |
| EBITDA | $83.26M | $136.29M | $131.67M | $30.57M | $-170.06M | $-7.31M | $155.26M | $226.09M | $80.13M | $-196.43M | $-86.57M | $-37.68M | $16.69M | $31.57M | $8.14M | $28.61M | $76.59M | $-17.74M | $-72.11M | $3.50M |
| EBITDA Ratio | 40.77% | 86.49% | 98.95% | 23.95% | -148.95% | -6.51% | 175.54% | 383.84% | -12481.10% | -311.10% | -163.79% | -90.36% | 37.26% | 79.35% | 22.83% | 99.41% | 325.53% | 85.03% | -241.66% | 235.18% |
| Operating Income | $83.26M | $136.29M | $131.67M | $30.57M | $-170.06M | $-7.31M | $155.26M | $226.09M | $80.13M | $-196.43M | $-86.57M | $-37.68M | $16.69M | $31.57M | $8.14M | $28.61M | $76.59M | $-21.44M | $13.20M | $832.84K |
| Operating Income Ratio | 40.77% | 86.49% | 98.95% | 23.95% | -148.95% | -6.51% | 175.54% | 383.84% | -12481.10% | -311.10% | -163.79% | -90.36% | 37.26% | 79.35% | 22.83% | 99.41% | 325.53% | 102.77% | 44.24% | 56.00% |
| Total Other Income Expenses Net | $-17.67M | $-16.43M | $-16.43M | $-16.42M | $-15.38M | $-12.39M | $-9.69M | $-8.12M | $-8.16M | $-8.13M | $- | $- | $- | $- | $-1.71M | $- | $- | $- | $-42.66M | $- |
| Income Before Tax | $65.59M | $119.86M | $115.25M | $14.15M | $-185.44M | $-19.69M | $145.57M | $217.97M | $71.97M | $-204.56M | $-86.57M | $-37.68M | $16.69M | $31.57M | $6.43M | $28.61M | $76.59M | $-21.44M | $-29.46M | $832.84K |
| Income Before Tax Ratio | 32.12% | 76.07% | 86.61% | 11.08% | -162.43% | -17.56% | 164.59% | 370.06% | -11210.19% | -323.97% | -163.79% | -90.36% | 37.26% | 79.35% | 18.04% | 99.41% | 325.53% | 102.77% | -98.73% | 56.00% |
| Income Tax Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Income | $65.59M | $119.86M | $115.25M | $14.15M | $-185.44M | $-19.69M | $145.57M | $217.97M | $71.97M | $-204.56M | $-86.57M | $-37.68M | $16.69M | $31.57M | $6.43M | $28.61M | $76.59M | $-21.44M | $-29.46M | $832.84K |
| Net Income Ratio | 32.12% | 76.07% | 86.61% | 11.08% | -162.43% | -17.56% | 164.59% | 370.06% | -11210.19% | -323.97% | -163.79% | -90.36% | 37.26% | 79.35% | 18.04% | 99.41% | 325.53% | 102.77% | -98.73% | 56.00% |
| EPS | $0.26 | $0.55 | $0.57 | $0.09 | $-1.23 | $-0.14 | $1.31 | $2.31 | $0.83 | $-2.72 | $-1.48 | $-0.89 | $0.55 | $1.19 | $0.26 | $1.26 | $3.88 | $-1.16 | $-1.65 | $0.06 |
| EPS Diluted | $0.26 | $0.55 | $0.57 | $0.09 | $-1.23 | $-0.14 | $1.31 | $2.31 | $0.83 | $-2.72 | $-1.48 | $-0.89 | $0.55 | $1.19 | $0.26 | $1.26 | $3.88 | $-1.16 | $-1.65 | $0.06 |
| Weighted Average Shares Outstanding | 252.28M | 217.93M | 202.18M | 157.24M | 150.76M | 144.48M | 111.12M | 94.36M | 86.71M | 75.18M | 58.49M | 42.55M | 30.35M | 26.53M | 25.21M | 22.75M | 19.76M | 18.49M | 17.84M | 14.48M |
| Weighted Average Shares Outstanding Diluted | 252.28M | 217.93M | 202.18M | 157.24M | 150.76M | 144.48M | 111.12M | 94.36M | 86.71M | 75.18M | 58.49M | 42.55M | 30.35M | 26.53M | 25.21M | 22.75M | 19.76M | 18.49M | 17.84M | 14.48M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $42.97M | $21.74M | $34.67M | $90.87M | $11.66M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $42.97M | $21.74M | $34.67M | $90.87M | $11.66M |
| Net Receivables | $28.46M | $24.18M | $25.99M | $17.26M | $11.15M |
| Inventory | $77.88M | $- | $- | $- | $- |
| Other Current Assets | $-77.88M | $-45.92M | $-60.66M | $-108.12M | $-22.81M |
| Total Current Assets | $71.44M | $45.92M | $60.66M | $108.12M | $22.81M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $1.68B | $1.29B | $1.35B | $826.01M | $508.38M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-1.29B | $-1.35B | $-826.01M | $-508.38M |
| Total Non-Current Assets | $1.68B | $1.29B | $1.35B | $826.01M | $508.38M |
| Other Assets | $407.14K | $373.19K | $540.76K | $732.53K | $745.85K |
| Total Assets | $1.75B | $1.34B | $1.41B | $934.86M | $531.94M |
| Account Payables | $2.42M | $32.64K | $32.64K | $300.00K | $13.63K |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $5.38M | $3.98M | $- | $- | $- |
| Deferred Revenue | $- | $-46.77M | $-33.51M | $-22.62M | $-40.10M |
| Other Current Liabilities | $-7.80M | $42.79M | $33.51M | $22.62M | $40.10M |
| Total Current Liabilities | $- | $32.64K | $32.64K | $300.00K | $13.63K |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $194.56M | $193.58M | $96.57M | $40.00M |
| Other Liabilities | $579.85M | $348.30M | $267.37M | $241.73M | $223.14M |
| Total Liabilities | $579.85M | $542.89M | $460.99M | $338.61M | $263.15M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $2.39M | $1.72M | $1.44M | $1.00M | $723.51M |
| Retained Earnings | $-367.99M | $-417.03M | $-111.03M | $-187.64M | $-454.72M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $1.54B | $1.21B | $1.06B | $782.88M | $- |
| Total Stockholders Equity | $1.17B | $793.15M | $947.16M | $596.25M | $268.79M |
| Total Equity | $1.17B | $793.15M | $947.16M | $596.25M | $268.79M |
| Total Liabilities and Stockholders Equity | $1.75B | $1.34B | $1.41B | $934.86M | $531.94M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.75B | $1.34B | $1.41B | $934.86M | $531.94M |
| Total Investments | $1.68B | $1.29B | $1.35B | $826.01M | $508.38M |
| Total Debt | $195.60M | $194.56M | $193.58M | $96.57M | $40.00M |
| Net Debt | $-42.97M | $172.82M | $158.91M | $5.71M | $28.34M |
Balance Sheet Charts
| Breakdown | September 30, 2024 | March 31, 2024 | September 30, 2023 | March 31, 2023 | September 30, 2022 | March 31, 2022 | September 30, 2021 | March 31, 2021 | September 30, 2020 | March 31, 2020 | September 30, 2019 | March 31, 2019 | September 30, 2018 | March 31, 2018 | September 30, 2017 | March 31, 2017 | September 30, 2016 | March 31, 2016 | September 30, 2015 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $206.49M | $42.97M | $27.11M | $21.74M | $45.99M | $34.67M | $68.44M | $90.87M | $29.89M | $11.66M | $25.52M | $21.47M | $7.96M | $20.33M | $4.86M | $14.00M | $23.00M | $20.36M | $2.77M | $7.70M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $206.49M | $42.97M | $27.11M | $21.74M | $45.99M | $34.67M | $68.44M | $90.87M | $29.89M | $11.66M | $25.52M | $21.47M | $7.96M | $20.33M | $4.86M | $14.00M | $23.00M | $20.36M | $2.77M | $7.70M |
| Net Receivables | $26.86M | $28.46M | $30.08M | $24.18M | $18.75M | $25.99M | $18.73M | $17.26M | $13.08M | $11.15M | $11.83M | $8.63M | $9.26M | $5.33M | $6.28M | $5.70M | $6.30M | $7.30M | $12.22M | $13.70M |
| Inventory | $- | $77.88M | $- | $- | $- | $- | $90.65M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $-233.35M | $-77.88M | $-57.18M | $-45.92M | $-64.73M | $-60.66M | $-90.65M | $-108.12M | $-42.97M | $-22.81M | $-37.35M | $717.58K | $32.50K | $115.82K | $19.89K | $- | $- | $58.88K | $17.63K | $- |
| Total Current Assets | $- | $71.44M | $57.18M | $45.92M | $64.73M | $60.66M | $87.17M | $108.12M | $42.97M | $22.81M | $37.35M | $30.10M | $17.21M | $25.67M | $11.14M | $19.70M | $29.30M | $27.67M | $14.99M | $21.40M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $1.68B | $1.44B | $1.29B | $1.24B | $1.35B | $1.16B | $826.01M | $525.72M | $508.38M | $590.56M | $542.23M | $560.01M | $488.18M | $396.98M | $356.80M | $297.40M | $239.64M | $360.76M | $369.60M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-1.68B | $-1.44B | $-1.29B | $-1.24B | $-1.35B | $-1.16B | $-826.01M | $-525.72M | $-508.38M | $-590.56M | $-542.23M | $-560.01M | $-488.18M | $-396.98M | $-356.80M | $-297.40M | $-239.64M | $-360.76M | $-369.60M |
| Total Non-Current Assets | $- | $1.68B | $1.44B | $1.29B | $1.24B | $1.35B | $1.16B | $826.01M | $525.72M | $508.38M | $590.56M | $542.23M | $560.01M | $488.18M | $396.98M | $357.10M | $297.80M | $239.64M | $360.76M | $375.70M |
| Other Assets | $2.23B | $407.14K | $273.42K | $373.19K | $176.41K | $540.76K | $414.59K | $732.53K | $625.27K | $745.85K | $216.22K | $1.02M | $388.50K | $344.99K | $282.94K | $300.00K | $300.00K | $5.22M | $6.48M | $400.00K |
| Total Assets | $2.23B | $1.75B | $1.50B | $1.34B | $1.30B | $1.41B | $1.25B | $934.86M | $569.32M | $531.94M | $628.13M | $573.35M | $577.61M | $514.19M | $408.40M | $377.10M | $327.40M | $272.53M | $382.23M | $397.50M |
| Account Payables | $- | $2.42M | $2.33M | $32.64K | $32.64K | $32.64K | $18.75K | $300.00K | $3.84K | $13.63K | $461.81K | $624.75K | $589.42K | $529.96K | $2.14M | $6.90M | $9.50M | $39.50K | $10.70M | $21.90M |
| Short Term Debt | $70.24M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $35.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $5.38M | $3.23M | $3.98M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $-69.90M | $32.64K | $-46.77M | $-29.37M | $-33.51M | $-99.66M | $-22.62M | $-12.96M | $-40.10M | $-34.54M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-70.24M | $64.51M | $-3.26M | $42.79M | $29.37M | $33.51M | $99.66M | $22.62M | $12.96M | $40.10M | $-461.81K | $- | $- | $- | $-2.14M | $4.80M | $3.70M | $-39.50K | $-10.70M | $4.30M |
| Total Current Liabilities | $- | $2.42M | $2.33M | $32.64K | $32.64K | $32.64K | $18.75K | $300.00K | $3.84K | $13.63K | $461.81K | $624.75K | $589.42K | $529.96K | $2.14M | $11.70M | $13.20M | $39.50K | $10.70M | $26.20M |
| Long Term Debt | $522.30M | $- | $- | $- | $- | $- | $- | $- | $208.00M | $- | $- | $- | $- | $- | $- | $133.40M | $117.80M | $- | $- | $146.40M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $-522.30M | $- | $- | $- | $- | $- | $- | $- | $-208.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $195.60M | $195.08M | $194.56M | $194.05M | $193.58M | $96.67M | $96.57M | $215.62M | $40.00M | $35.00M | $42.49M | $42.49M | $42.49M | $- | $133.40M | $117.80M | $- | $- | $146.40M |
| Other Liabilities | $623.48M | $381.84M | $304.48M | $348.30M | $326.08M | $267.37M | $330.48M | $241.73M | $12.96M | $223.14M | $200.18M | $176.40M | $173.61M | $181.24M | $163.59M | $- | $- | $140.58M | $180.16M | $- |
| Total Liabilities | $623.48M | $579.85M | $501.89M | $542.89M | $520.17M | $460.99M | $427.17M | $338.61M | $228.59M | $263.15M | $235.64M | $219.52M | $216.69M | $224.26M | $163.59M | $145.10M | $131.00M | $140.58M | $180.16M | $172.60M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $3.37M | $2.39M | $2.07M | $1.72M | $1.59M | $1.44M | $1.18M | $1.00M | $772.34M | $723.51M | $639.58M | $473.52M | $452.81M | $372.85M | $354.27M | $- | $- | $283.85M | $275.70M | $- |
| Retained Earnings | $-448.69M | $-367.99M | $-388.30M | $-417.03M | $-364.59M | $-111.03M | $-85.91M | $-187.64M | $-431.62M | $-454.72M | $-247.09M | $-119.68M | $-12.63M | $-10.16M | $-25.77M | $-82.50M | $-70.30M | $-11.39M | $-17.33M | $-18.10M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-13.80M | $-28.10M | $- | $- | $-4.70M |
| Other Total Stockholders Equity | $2.05B | $1.54B | $1.38B | $1.21B | $1.15B | $1.06B | $904.37M | $782.88M | $- | $- | $- | $- | $-23.31M | $-15.11M | $-24.79M | $328.30M | $294.80M | $-140.51M | $-56.30M | $247.70M |
| Total Stockholders Equity | $1.61B | $1.17B | $998.41M | $793.15M | $783.24M | $947.16M | $819.63M | $596.25M | $340.73M | $268.79M | $392.49M | $353.83M | $360.91M | $289.93M | $244.81M | $232.00M | $196.40M | $131.95M | $202.07M | $224.90M |
| Total Equity | $1.61B | $1.17B | $998.41M | $793.15M | $783.24M | $947.16M | $819.63M | $596.25M | $340.73M | $268.79M | $392.49M | $353.83M | $360.91M | $289.93M | $244.81M | $232.00M | $196.40M | $131.95M | $202.07M | $224.90M |
| Total Liabilities and Stockholders Equity | $2.23B | $1.75B | $1.50B | $1.34B | $1.30B | $1.41B | $1.25B | $934.86M | $569.32M | $531.94M | $628.13M | $573.35M | $577.61M | $514.19M | $408.40M | $377.10M | $327.40M | $272.53M | $382.23M | $397.50M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.23B | $1.75B | $1.50B | $1.34B | $1.30B | $1.41B | $1.25B | $934.86M | $569.32M | $531.94M | $628.13M | $573.35M | $577.61M | $514.19M | $408.40M | $377.10M | $327.40M | $272.53M | $382.23M | $397.50M |
| Total Investments | $- | $1.68B | $1.44B | $1.29B | $1.24B | $1.35B | $1.16B | $826.01M | $525.72M | $508.38M | $590.56M | $542.23M | $560.01M | $488.18M | $396.98M | $356.80M | $297.40M | $239.64M | $360.76M | $369.60M |
| Total Debt | $592.54M | $195.60M | $195.08M | $194.56M | $194.05M | $193.58M | $96.67M | $96.57M | $220.97M | $40.00M | $35.00M | $42.49M | $42.49M | $42.49M | $- | $133.40M | $117.80M | $- | $- | $146.40M |
| Net Debt | $386.05M | $152.62M | $167.97M | $172.82M | $148.06M | $158.91M | $28.22M | $5.71M | $191.07M | $28.34M | $9.48M | $21.02M | $34.54M | $22.16M | $-4.86M | $119.40M | $94.80M | $-20.36M | $-2.77M | $138.70M |
Annual Cash Flow
| Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $235.11M | $-171.29M | $125.88M | $289.93M | $-291.13M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $1.70M | $6.87M | $-3.91M | $-4.49M | $174.17K |
| Accounts Receivables | $-5.04M | $1.74M | $-6.31M | $-6.11M | $-2.52M |
| Inventory | $- | $163.81K | $- | $54.65K | $- |
| Accounts Payables | $4.79M | $5.23M | $2.69M | $1.29M | $2.65M |
| Other Working Capital | $1.94M | $-262.82K | $-288.21K | $276.82K | $51.27K |
| Other Non Cash Items | $-360.59M | $72.86M | $-507.47M | $-293.38M | $19.74M |
| Net Cash Provided by Operating Activities | $-123.79M | $-91.56M | $-385.50M | $-7.94M | $-271.22M |
| Investments in Property Plant and Equipment | $-4 | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-597.19M | $-543.45M | $-1.22B | $-375.19M | $-497.41M |
| Sales Maturities of Investments | $- | $70.59M | $285.94M | $243.25M | $103.39M |
| Other Investing Activities | $- | $- | $- | $1 | $- |
| Net Cash Used for Investing Activities | $- | $-472.86M | $-932.95M | $-131.95M | $-394.02M |
| Debt Repayment | $- | $- | $100.00M | $59.78M | $-2.49M |
| Common Stock Issued | $315.16M | $141.42M | $314.25M | $114.42M | $294.06M |
| Common Stock Repurchased | $- | $- | $-57.03M | $-6.38M | $-30.00M |
| Dividends Paid | $-166.60M | $-122.53M | $-85.60M | $-75.09M | $-83.99M |
| Other Financing Activities | $-3.54M | $59.75M | $652.17K | $-11.97M | $53.84M |
| Net Cash Used Provided by Financing Activities | $145.03M | $78.63M | $329.30M | $87.14M | $261.41M |
| Effect of Forex Changes on Cash | $- | $472.86M | $932.95M | $131.95M | $394.02M |
| Net Change in Cash | $21.23M | $-12.93M | $-56.19M | $79.20M | $-9.81M |
| Cash at End of Period | $42.97M | $21.74M | $34.67M | $90.87M | $11.66M |
| Cash at Beginning of Period | $21.74M | $34.67M | $90.87M | $11.66M | $21.47M |
| Operating Cash Flow | $-123.79M | $-91.56M | $-385.50M | $-7.94M | $-271.22M |
| Capital Expenditure | $-4 | $- | $- | $- | $- |
| Free Cash Flow | $-123.79M | $-91.56M | $-385.50M | $-7.94M | $-271.22M |
Cash Flow Charts
| Breakdown | September 30, 2024 | March 31, 2024 | September 30, 2023 | March 31, 2023 | September 30, 2022 | March 31, 2022 | September 30, 2021 | March 31, 2021 | September 30, 2020 | March 31, 2020 | September 30, 2019 | March 31, 2019 | September 30, 2018 | March 31, 2018 | September 30, 2017 | March 31, 2017 | September 30, 2016 | March 31, 2016 | September 30, 2015 | March 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $65.59M | $119.86M | $115.25M | $14.15M | $-185.44M | $-19.69M | $145.57M | $217.97M | $71.97M | $-204.56M | $-86.57M | $-5.25M | $16.69M | $9.50M | $6.43M | $26.30M | $76.59M | $-21.44M | $-29.46M | $832.84K |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $5.17M | $5.32M | $-3.63M | $-1.68M | $8.39M | $-5.04M | $1.13M | $-1.50M | $-3.04M | $1.10M | $-926.08K | $-828.29K | $-167.85M | $460.83K | $-91.17M | $666.58K | $-3.79M | $1.57M | $-69.43M | $-2.05M |
| Accounts Receivables | $5.66M | $-994.46K | $-4.04M | $-6.48M | $8.22M | $-6.12M | $-182.79K | $-4.18M | $-1.93M | $681.68K | $-3.21M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-463.67K | $4.79M | $-4.87K | $5.63M | $-402.04K | $1.38M | $1.31M | $2.58M | $-1.29M | $869.84K | $1.78M | $- | $8.78M | $- | $-822.77K | $- | $-9.50M | $- | $- | $- |
| Other Working Capital | $-26.16K | $1.52M | $420.67K | $-832.48K | $569.66K | $-293.06K | $4.85K | $101.16K | $175.66K | $-451.27K | $502.54K | $- | $-176.63M | $- | $-90.35M | $- | $5.71M | $- | $- | $- |
| Other Non Cash Items | $415.16M | $85.56M | $101.05M | $114.86M | $424.06M | $312.62M | $116.48M | $-127.52M | $-29.04M | $277.70M | $135.93M | $-14.78M | $84.82M | $-27.75M | $53.80M | $-27.16M | $-42.53M | $27.73M | $59.45M | $-32.55M |
| Net Cash Provided by Operating Activities | $485.93M | $214.55M | $208.62M | $126.47M | $254.83M | $283.14M | $264.32M | $87.34M | $36.66M | $75.79M | $47.01M | $-20.85M | $-66.34M | $-17.79M | $-30.94M | $-188.86K | $30.27M | $7.85M | $-39.44M | $-33.78M |
| Investments in Property Plant and Equipment | $- | $2 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-758.30M | $-269.04M | $-328.15M | $-182.17M | $-361.29M | $-728.58M | $-490.31M | $-298.86M | $-76.33M | $-272.22M | $-225.19M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $26.36M | $15.35M | $34.88M | $35.69M | $34.91M | $167.93M | $118.01M | $137.79M | $105.46M | $38.84M | $64.55M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-731.94M | $-253.69M | $-293.27M | $-146.48M | $-326.38M | $-560.65M | $-372.30M | $-161.07M | $29.12M | $-233.38M | $-160.64M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $111.08M | $- | $- | $2.35M | $61.35M | $95.42M | $7.75M | $- | $-40.22M | $5.00M | $-7.49M | $- | $- | $42.49M | $-2.36M | $- | $- | $- | $- | $- |
| Common Stock Issued | $494.05M | $146.87M | $164.94M | $123.46M | $80.11M | $194.77M | $115.86M | $70.04M | $42.24M | $216.62M | $161.28M | $35.41M | $- | $15.62M | $- | $11.21M | $- | $7.96M | $- | $1.89M |
| Common Stock Repurchased | $- | $- | $- | $4.71M | $-122.70M | $190.84M | $- | $576.11K | $-6.96M | $-30.00M | $163.62M | $-633.97K | $80.54M | $-12.90M | $44.26M | $-4.09M | $-4.02M | $-11.53M | $62.24M | $-306.40K |
| Dividends Paid | $-127.47M | $-91.67M | $-74.93M | $-63.95M | $-58.58M | $-47.55M | $-38.05M | $-32.47M | $-42.62M | $-47.89M | $-36.11M | $-13.56M | $-24.44M | $-10.38M | $-19.58M | $-12.23M | $-23.14M | $-9.33M | $-9.28M | $-8.14M |
| Other Financing Activities | $-68.13M | $-189.22K | $- | $-66.10M | $- | $1.11M | $- | $96.55M | $- | $- | $- | $-25.60M | $3 | $-473.47K | $-616.95K | $-1.04M | $-156.57K | $-3.57M | $43.76M | $1.58M |
| Net Cash Used Provided by Financing Activities | $409.53M | $55.01M | $90.01M | $-4.24M | $82.87M | $243.75M | $85.56M | $134.70M | $-47.55M | $143.73M | $117.68M | $21.22M | $53.96M | $2.97M | $21.78M | $-5.10M | $-27.59M | $-12.90M | $34.48M | $-6.56M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $11.40M | $5 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $163.52M | $15.87M | $5.37M | $-24.25M | $11.32M | $-33.77M | $-22.42M | $60.97M | $18.23M | $-13.86M | $4.05M | $284.93K | $-12.38M | $1.58M | $-9.16M | $-1.59M | $2.68M | $3.16M | $-4.96M | $-23.90M |
| Cash at End of Period | $206.49M | $42.97M | $27.11M | $21.74M | $45.99M | $34.67M | $68.44M | $90.87M | $29.89M | $11.66M | $25.52M | $5.37M | $7.96M | $5.08M | $4.84M | $3.50M | $23.08M | $5.09M | $2.74M | $1.93M |
| Cash at Beginning of Period | $42.97M | $27.11M | $21.74M | $45.99M | $34.67M | $68.44M | $90.87M | $29.89M | $11.66M | $25.52M | $21.47M | $5.08M | $20.33M | $3.50M | $14.00M | $5.09M | $20.40M | $1.93M | $7.70M | $25.83M |
| Operating Cash Flow | $485.93M | $214.55M | $208.62M | $126.47M | $254.83M | $283.14M | $264.32M | $87.34M | $36.66M | $75.79M | $47.01M | $-20.85M | $-66.34M | $-17.79M | $-30.94M | $-188.86K | $30.27M | $7.85M | $-39.44M | $-33.78M |
| Capital Expenditure | $- | $2 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $485.93M | $214.55M | $208.62M | $126.47M | $254.83M | $283.14M | $264.32M | $87.34M | $36.66M | $75.79M | $47.01M | $-20.85M | $-66.34M | $-17.79M | $-30.94M | $-188.86K | $30.27M | $7.85M | $-39.44M | $-33.78M |
Oxford Lane Capital Dividends
Explore Oxford Lane Capital's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
15.65%
Dividend Payout Ratio
70.86%
Dividend Paid & Capex Coverage Ratio
-0.74x
Oxford Lane Capital Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.09 | $0.09 | September 16, 2025 | September 16, 2025 | September 30, 2025 | |
| $0.09 | $0.09 | August 15, 2025 | August 15, 2025 | August 29, 2025 | |
| $0.09 | $0.09 | July 17, 2025 | July 17, 2025 | July 31, 2025 | |
| $0.09 | $0.09 | June 16, 2025 | June 16, 2025 | June 30, 2025 | January 24, 2025 |
| $0.09 | $0.09 | May 16, 2025 | May 16, 2025 | May 30, 2025 | January 24, 2025 |
| $0.09 | $0.09 | April 16, 2025 | April 16, 2025 | April 30, 2025 | January 24, 2025 |
| $0.09 | $0.09 | March 17, 2025 | March 17, 2025 | March 31, 2025 | October 24, 2024 |
| $0.09 | $0.09 | February 14, 2025 | February 14, 2025 | February 28, 2025 | October 24, 2024 |
| $0.09 | $0.09 | January 17, 2025 | January 17, 2025 | January 31, 2025 | October 24, 2024 |
| $0.09 | $0.09 | December 17, 2024 | December 17, 2024 | December 31, 2024 | July 25, 2024 |
| $0.09 | $0.09 | November 15, 2024 | November 15, 2024 | November 29, 2024 | July 25, 2024 |
| $0.09 | $0.09 | October 17, 2024 | October 17, 2024 | October 31, 2024 | July 25, 2024 |
| $0.09 | $0.09 | September 16, 2024 | September 16, 2024 | September 30, 2024 | May 14, 2024 |
| $0.09 | $0.09 | August 16, 2024 | August 16, 2024 | August 30, 2024 | May 14, 2024 |
| $0.09 | $0.09 | July 17, 2024 | July 17, 2024 | July 31, 2024 | May 14, 2024 |
| $0.08 | $0.08 | June 14, 2024 | June 14, 2024 | June 28, 2024 | January 25, 2024 |
| $0.08 | $0.08 | May 16, 2024 | May 17, 2024 | May 31, 2024 | January 25, 2024 |
| $0.08 | $0.08 | April 15, 2024 | April 16, 2024 | April 30, 2024 | January 25, 2024 |
| $0.08 | $0.08 | March 14, 2024 | March 15, 2024 | March 29, 2024 | October 27, 2023 |
| $0.08 | $0.08 | February 14, 2024 | February 15, 2024 | February 29, 2024 | October 27, 2023 |
Oxford Lane Capital News
Read the latest news about Oxford Lane Capital, including recent articles, headlines, and updates.
Oxford Lane Capital: Incredible Distributions Meet Rising Recession Risk
Oxford Lane Capital's 24.16% forward dividend yield is attractive, but the risk of recession and high leverage makes it a strong sell. The fund's heavy investment in CLO-equity is highly risky, especially during economic downturns, potentially leading to significant losses. Historical data shows OXLC's distributions are not covered by incoming cashflows, and its high leverage amplifies risk during market crises.
CEF Weekly Review: Share Repurchase Programs Are Good (If Acted On)
We review the CEF market valuation and performance through the last week of March and highlight recent market action. Oxford Lane Capital Corp. authorized a $150m share repurchase program to potentially support its price. Nuveen proposed merging preferreds CEFs JPC and JPI, continuing its trend of consolidating term funds into perpetual CEFs.
New Preferred Stock IPOs, March 2025
We tracked six new preferred stock and exchange traded debt offerings with yields from 6.15% to 10%, highlighting their CDx3 Compliance Scores. Oxford Lane Capital Corp.'s new exchange notes (OXLCG) achieved a perfect CDx3 Compliance Score, offering a 7.95% fixed coupon and a BBB+ rating. Preferred stock IPOs often trade temporarily on the OTC, allowing investors to buy shares at wholesale prices before they move to retail exchanges.
Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha during volatile market conditions.
OXLCI: The Way To Invest In Oxford Lane If You Missed The Pullback In The Common Stock
OXLC's recent "at-the-market" stock offering raised over $500 million, increasing outstanding shares by 29%, affecting stock dynamics and presenting a shorting opportunity. Extraordinary trading volume in Oxford Lane Capital Corp. (OXLC) presented a profitable trading opportunity, particularly through its 8.75% Notes due 06/30/2030. OXLCI, with an 8.39% yield-to-call, and 8.6% yield-to-maturity is currently the most appealing OXLC-issued security.
When It Comes To Investing, Nobody's Perfect, But Two Out Of Three Ain't Bad
Predicting market outcomes is challenging; my recommendations are based on historical data and probabilities rather than certainties. I reviewed my 2025 picks: 67% of Buy ratings and 78% of Hold ratings delivered positive alpha, outperforming many experts. Midstream energy and covered call income funds have shown strong performance, while recent market corrections impacted some picks.
Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred offerings from CLO CEFs provide safer, more stable income, balancing risk-reward when it comes to seeking income. We have new offerings in the space since our last update, leading to greater diversification potential and increasing the viability of setting up a ladder of maturities.
Oxford Lane Capital Corp. Provides February Net Asset Value Update
GREENWICH, Conn., March 11, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) (the “Company”) today announced the following net asset value (“NAV”) estimate as of February 28, 2025.
CEF Distribution Coverage: What To Worry About And What Not To Worry About
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. But it can be complicated trying to determine what is actually sufficient versus insufficient coverage.
The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In
The Magnificent Seven stocks led a bull run from late 2022 to 2024, but 2025's market correction reveals vulnerabilities, offering opportunities in high-yield CLO equity funds. CLO equity funds, like SPMC, CCIF, and OCCI, provide high-yield income uncorrelated to stock market performance, making them attractive during market downturns. SPMC, new in 2024, has increased distributions thrice, showing strong performance and resilience, yielding about 14% despite broader market selloffs.
OXLCG: A 7.95% Baby Bond IPO From Oxford Lane Capital
Oxford Lane Capital Corporation's new baby bond, OXLCG, offers a 7.95% annual interest with quarterly distributions and matures on 02/29/2032, callable from 02/28/2030. OXLCG is trading at $24.62, yielding 8.49% to maturity and 8.58% to call, making it an attractive fixed-income investment. Oxford Lane Capital Corp. maintains a strong dividend history and has a capital structure within regulatory leverage limits, ensuring creditor confidence.
The Market Is Down, But Oxford Lane Capital Still Paying Me 20%
Oxford Lane Capital has outperformed the market YTD, showing resilience during volatility, making it a strong buy for aggressive income investors. OXLC's dividends are robust, with a forward yield of 21.51%, and recent changes ensure distributions are from net income, not return of capital. The fund's premium has decreased, offering a better entry point for investors, though it remains volatile and unsuitable for conservative investors.
Preferreds/Bond Weekly Review: Bond Investors Don't Like New Bonds
We take a look at the action in preferreds and baby bonds through the third week of February and highlight some of the key themes we are watching. Preferred stocks underperformed despite a Treasury rally, with credit spreads widening but yields remaining range-bound. CLO Equity CEF issued a new bond, OXLCG, impacting risk dynamics for the bond suite.
Oxford Lane Capital Corp. Prices Public Offering of $165,000,000 7.95% Notes Due 2032
GREENWICH, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced that it has priced an underwritten public offering of $165,000,000 in aggregate principal amount of 7.95% unsecured notes due 2032. The notes will mature on February 29, 2032, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after February 28, 2030. The notes will bear interest at a rate of 7.95% per year payable quarterly on March 31, June 30, September 30, and December 31 of each year, commencing June 30, 2025.
Oxford Lane Capital Corp. Announces Offering of Notes
GREENWICH, Conn., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced the commencement of a registered public offering of notes (the “Notes”). The public offering price and other terms of the Notes are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional Notes on the same terms and conditions to cover over-allotments, if any.
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
Oxford Lane Capital Corp. Provides January Net Asset Value Update
GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced the following net asset value (“NAV”) estimate as of January 31, 2025.
CEF Weekly Review: CLO Equity CEFs Put Up Varying Performance
We review the CEF market valuation and performance through the last week of January and highlight recent market action. CEFs had a mixed week, with Municipal sectors outperforming due to a drop in Treasury yields; January reversed nearly all December CEF losses. CLO Equity CEFs showed varied returns with EIC exhibiting unusual returns.
Oxford Lane Capital Still A Buy After Earnings, Regardless Of Interest Rate Moves
Oxford Lane Capital Corporation has delivered an 18.5% total return since April 2024, outperforming the S&P 500, and continues to offer high-yield distributions. Significant insider buying and new CLO investments totaling $920M in Q2 and Q3 2025 support the ongoing income potential of OXLC. Despite fears of lower interest rates, OXLC's CLO equity investments yield 23.9%, ensuring robust distribution coverage and potential future increases.
Oxford Lane Capital: Q3 Results Confirms My Optimism On Deal Activity
Going into OXLC's Q3 FY25 results, my analysis had suggested growth shoots in the overall deal environment. I am glad to see that yesterday's results release is confirming my thesis as net investments activity reached record highs and warehouse investments too saw a growth revival. I expect these portfolio growth drivers to translate into upticks in net investment income (NII) and NAV. But I do not like how frequent dilution is depressing NII per share.
Oxford Lane Capital Q2 FY25 Preview: Expecting Vibrant Deal Activity
2025 faces 2 key macro scenarios. Real-time inflation data and industry forecasts suggest that the contained inflation, growth-constructive one is more likely. In such an environment, OXLC is poised to benefit from higher deal activity in the US CLO market, which would be accretive to subsequent net investment income growth. OXLC's valuations are at a lower than usual premium to NAV, making buys more acceptable for CLO investors.
Yield Hunting Part 2: Uncovering 8%+ In Oxford Lane Capital's Low-Duration Fixed-Income
The yield curve is normalizing, making shorter-term yields lower than long-term yields, and we expect short-term yields to decrease further by 2025. We recommend the OXLCP preferred shares from Oxford Lane Capital Corporation for our low-duration portfolio due to its 8.44% yield and lower risk profile. OXLC's fixed-income securities have decent credit ratings despite high leverage costs, making them attractive for high-yield, low-duration investments.
Oxford Lane Capital: Increased Investment Activity Will Strengthen Dividend Coverage
Oxford Lane Capital offers a high dividend yield of 21.2%, supported by earnings, making it attractive for retirees seeking income despite price volatility. OXLC's valuation is appealing, trading at a lower premium to NAV than average, with potential growth from new investments and anticipated interest rate cuts in 2025. The fund's strategy focuses on a diverse portfolio of CLO equity, which presents higher risk but potential for significant income and appreciation.
Oxford Lane Capital: Fundamental Issues Aside, Rate Cuts Are A Tailwind (Upgrade)
OXLC's operating cash flow profile has worsened and equity raises continue. I am skeptical about the above-NAV raise, below-par CLO investment strategy as investment fair values are still below cost. Long term, OXLC returns have been poor; eroding 11% of NAV value and 4% of dividends value every year from 2011 - 2024. OXLC's NAV is steady over the past few quarters but OXLC is trading at a premium to it, which makes it difficult for me to have a constructive view.
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Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield and low volatility, especially with rates staying above 4%. I identify one ETF and two CEFs for investors looking to take advantage of this panic and new course for the Fed.
OXLC: The Timing Feels Right For This 20% Yield
Oxford Lane Capital Corporation focuses on CLOs, offering high yields but with significant risks. OXLC's 20% yield is a major selling point, supported by strong cash flow and a sustainable leverage ratio around 24%. The fund's premium has recently decreased, presenting a potential entry point, though it remains volatile and sensitive to market corrections.
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Price: $5.50
Market Cap: $321.11M
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