Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN)
Market Closed
15 Oct, 08:00 PM
NASDAQ (NGS) NASDAQ (NGS) Primary $
24. 41
+0.02
+0.0656%
Pre Market
$
+2.99 +12.2445% 27. 40
11.79B Market Cap
- P/E Ratio
0.59% Div Yield
2,812 Volume
- Eps
$ 24.39
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OXLCN: Moving To Hold After The Rally (Rating Downgrade)
Oxford Lane Capital is a leading CLO equity CEF, actively managing its liability structure through preferred share redemptions and new issuances. OXLCN, the 7.125% term preferred, is now trading near par with a 7.28% current yield and 7.8% yield to maturity. We are downgrading OXLCN to 'Hold' due to its tight yield and less attractive entry point, favoring purchases only near $24/share.
Seekingalpha | 5 months ago
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