Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN)
Market Closed
11 Aug, 20:00
NASDAQ (NGS) NASDAQ (NGS) Primary $
24. 77
-0.02
-0.0605%
After Hours
$
+7.08 +28.557% 31. 85
11.92B Market Cap
- P/E Ratio
0.59% Div Yield
549 Volume
- Eps
$ 24.79
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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 | 3 months ago
