Oxford Lane Capital: Why I Think This Is A Yield Trap [Seeking Alpha]
Oxford Lane Capital Corp. - Closed End Fund (OXLC)
US:NASDAQ Investor Relations:
oxfordlanecapital.com
Company Research
Source: Seeking Alpha
2 Likes Hunting Alpha 4.03K Follower s Follow Summary Oxford Lane Capital has outperformed the S&P 500 by +1.94% since my last 'Sell' view on this closed-ended fund in February 2024. But I am retaining my stance. Distributions continue to be funded by capital raises instead of operational cash flow. I don't see how this is sustainable long term. Oxford Lane Capital investments' fair value is below cost, which means the sale of investments would also lead to a loss. This does not help recoup negative operating cash flows. The company's net asset value has been falling to stagnant due to these headwinds. Still, OXLC is trading at an 8.8% premium to NAV, making buys less appealing. Relative to the S&P 500, my technicals read shows scope for OXLC to underperform, as the ratio prices are currently rejecting off a key monthly resistance level. PM Images Performance Assessment I had rated Oxford Lane Capital ( NASDAQ: OXLC ) a 'Sell' in my last update in February 202
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OXLC
News
- Oxford Lane Capital Corp. Provides August Net Asset Value UpdateGlobeNewswire
- CLO Debt ETFs Or CLO Equity CEFs: Which Are Best For Income Investors And Retirees [Seeking Alpha]Seeking Alpha
- I'm Betting On America With +19% Yields: OXLC [Seeking Alpha]Seeking Alpha
- Oxford Lane Capital Corp. Provides July Net Asset Value Update [Yahoo! Finance]Yahoo! Finance
- Oxford Lane Capital Corp. Provides July Net Asset Value UpdateGlobeNewswire
OXLC
Sec Filings
- 9/11/24 - Form 424B3
- 9/6/24 - Form DEFA14A
- 9/6/24 - Form DEF
- OXLC's page on the SEC website