Oxford Lane Capital Plunges to New Low as Earnings Disappoint

Shares of Oxford Lane Capital (NASDAQ: OXLC) collapsed to a fresh 52-week low of $14.26 on November 15, driven by a severe earnings miss that exposed fundamental weaknesses in the CLO-focused investment firm’s strategy. This decline compounds shareholder woes following a reverse stock split executed in September.

The sharp downturn was precipitated by disappointing quarterly results released on November 5. Oxford Lane reported earnings per share of just $1.24, missing analyst projections of $2.25 by a substantial 45% margin. Even the most cautious market observers were surprised by the severity of the shortfall.

Revenue performance proved even more concerning. Instead of the anticipated $247.9 million, the company generated only $128.3 million—a 48% deficit compared to expectations. These Read more...