As of June 30, 2025, the net asset value (NAV) per share for Oxford Lane Capital Corp. (OXLC, Financial) had fallen to $4.12. This represents a decrease from the NAV of $4.32 per share reported at the end of the previous quarter on March 31, 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Oxford Lane Capital Corp (OXLC, Financial) is $4.75 with a high estimate of $5.00 and a low estimate of $4.50. The average target implies an upside of 19.35% from the current price of $3.98. More detailed estimate data can be found on the Oxford Lane Capital Corp (OXLC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Oxford Lane Capital Corp's (OXLC, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
OXLC Key Business Developments
Release Date: May 19, 2025
- Net Asset Value (NAV) per Share: $4.32 as of March 31, 2025, down from $4.82 in the previous quarter.
- Total Investment Income: $121.2 million for the quarter ended March, an increase of $6.7 million from the prior quarter.
- GAAP Net Investment Income: $75.4 million or $0.18 per share for the quarter ended March, compared to $72.4 million or $0.20 per share for the quarter ended December 31.
- Core Net Investment Income: $95.8 million or $0.23 per share for the quarter ended March, compared to $99.9 million or $0.28 per share for the quarter ended December 31.
- Net Unrealized Depreciation on Investments: $187.7 million for the quarter ended March.
- Net Realized Losses: $8.5 million for the quarter ended March.
- Net Decrease in Net Assets from Operations: $120.8 million or $0.28 per share for the fourth fiscal quarter.
- Weighted Average Yield of CLO Debt Investments: 15.9%, down from 16.6% as of December 31.
- Weighted Average Effective Yield of CLO Equity Investments: 15.9%, down from 16.1% as of December 31.
- Weighted Average Cash Distribution Yield of CLO Equity Investments: 20.5%, down from 23.9% as of December 31.
- Common Stock Issuance: Approximately 60.7 million shares issued, resulting in net proceeds of approximately $300.5 million.
- Additional CLO Investments: Approximately $526.2 million during the quarter ended March.
- Proceeds from Sales and Repayments: Approximately $136 million during the quarter ended March.
- Monthly Common Stock Distributions: $0.09 per share for July, August, and September 2025.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Oxford Lane Capital Corp (OXLC, Financial) recorded a GAAP total investment income of approximately $121.2 million for the quarter, an increase of $6.7 million from the prior quarter.
- The company issued approximately 60.7 million shares of common stock, resulting in net proceeds of approximately $300.5 million.
- Oxford Lane Capital Corp (OXLC) made additional CLO investments of approximately $526.2 million during the quarter.
- The company was awarded Best Public Closed-End CLO fund by Creditflux at their London Conference.
- Oxford Lane Capital Corp (OXLC) declared monthly common stock distributions of $0.09 per share for July, August, and September 2025.
Negative Points
- Net asset value per share decreased from $4.82 to $4.32 as of March 31, 2025.
- The company recorded net unrealized depreciation on investments of approximately $187.7 million and net realized losses of approximately $8.5 million.
- There was a net decrease in net assets resulting from operations of approximately $120.8 million or $0.28 per share for the fourth fiscal quarter.
- The weighted average yield of CLO debt investments decreased from 16.6% to 15.9%.
- The weighted average cash distribution yield of CLO equity investments decreased from 23.9% to 20.5%.
