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In the News
Preferreds Weekly Review: Yield Differential Between Bonds And Preferreds Often Too Tight
Preferreds were slightly lower this week and over February, with caution required for stocks trading above "par". The fixed-income version of the "beta anomaly" shows that the yield differential between bonds and preferreds may be too low. We highlight recent issuances from HOV and MITT.
Beyond Cash: Maximizing Income With Investment Grade Baby Bonds
The Fed is expected to cut rates at some point in 2024, we will see investors develop FOMO to lock in high yields from quality fixed income. 2024 is set to be the year of income, and high-quality bonds are well-positioned to offer significant total returns. We discuss two investment-grade baby bonds with up to 7% yields.
Preferreds Weekly Review: Comparing Term And Perpetual Preferreds
We take a look at the action in preferreds and baby bonds through the third week of January and highlight some of the key themes we are watching. Preferreds were flat despite rising Treasury yields. Month-to-date, the higher-beta sectors outperformed. There are arguments on both sides when allocating between term and perpetual preferreds.
Preferreds Weekly Review: Drop In Rates Drives New Issuance
We take a look at the action in preferreds and baby bonds through the second week of January and highlight some of the key themes we are watching. All preferreds sectors were up for the week, buoyed by lower Treasury yields. Preferreds credit spreads have fully retraced the bank mini-crisis spread blow-up and have only been tighter in 2021.
Oxford Lane Capital Corp. Schedules Third Fiscal Quarter Earnings Release and Conference Call for January 26, 2024
GREENWICH, Conn., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) announced today that it will hold a conference call to discuss its third fiscal quarter earnings on Friday, January 26, 2024 at 9:00 AM ET. The toll free dial-in number is 1-833-470-1428, access code number 874572. There will be a recorded replay of the call available for 30 days after the call. If you are interested in hearing the recording, please dial 1-866-813-9403. The replay pass-code number is 867573.
2 Bonds For Your Retirement, Yields Up To 9%
Baby bonds provide accessible entry into the highest tier of the corporate capital structure. Known for their steady CD-beating interest payments, these securities can offer substantial capital upside if purchased at today's deeply discounted prices. Baby bonds are a must-have in a diversified portfolio, and we are building a custom maturity ladder at HDO.
KKR Says Buy High Yield Bonds, As Interest Rates Peak
Global alternative asset manager Kohlberg Kravis Roberts & Co. L.P. is loading up on high-yield bonds and asset-based loans. We present our top picks in this asset class, up to 11% yields. The current rate cycle is almost over; is your portfolio ready to face rate cuts?
OXLCM: Short Dated 6.8% Yielding Portfolio Enhancer
Oxford Lane Capital Corporation is a Closed-End Fund that predominantly invests in Collateralized Loan Obligation equity. The fund employs term preferred shares and unsecured notes for leverage due to challenges in traditional fixed-income funding for volatile asset classes like CLO equity. The preferred equity issuance for OXLC has a term structure, with the obligation to redeem all outstanding term preferred shares at respective maturity dates without amendments, providing certainty for investors.
Oxford Lane Capital Corporation (OXCL) Q2 2024 Earnings Call Transcript
Oxford Lane Capital Corporation (OXCL) Q2 2024 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Jonathan Cohen - Chief Executive Officer Saul Rosenthal - President Bruce Rubin - Chief Financial Officer Joe Kupka - Managing Director Conference Call Participants Mickey Schleien - Ladenburg Matthew Howlett - B. Riley Jonathan Cohen Thanks very much.
CLO Equity CEFs: A Round-Up Of The Highest-Yielding CEF Sector
We review the CLO Equity CEF sector, which got a new addition recently with CCIF. The sector's valuation has deflated recently, though most funds continue to trade at premiums. CLO Equity CEF returns have beaten nearly all other credit CEFs over the longer term; however, they lag the yields of the funds.
OXLCM Financial details
OXLCM Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-03-31
Metric | History | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | -0.45 | -4.1 | 3.18 | 1.24 | -1.05 | |
Net income per share | -0.51 | -4.14 | 3.14 | 1.2 | -1.14 | |
Operating cash flow per share | -2.03 | -3.86 | -0.09 | -3.67 | -0.61 | |
Free cash flow per share | -2.03 | -3.86 | -0.09 | -3.67 | -0.61 | |
Cash per share | 0.52 | 0.17 | 0.98 | 0.33 | 0.14 | |
Book value per share | 8.6 | 3.82 | 6.46 | 9.03 | 5.28 | |
Tangible book value per share | 8.6 | 3.82 | 6.46 | 9.03 | 5.28 | |
Share holders equity per share | 8.6 | 3.82 | 6.46 | 9.03 | 5.28 | |
Interest debt per share | 2.85 | 1.36 | 1.47 | 2.38 | 1.82 | |
Market cap | 405.65M | 293.24M | 581.71M | 759.46M | 785.82M | |
Enterprise value | 426.67M | 321.58M | 587.42M | 918.37M | 958.65M | |
P/E ratio | -19.33 | -1.01 | 2.01 | 6.03 | -4.59 | |
Price to sales ratio | -21.84 | -1.02 | 1.98 | 5.84 | -4.96 | |
POCF ratio | -4.86 | -1.08 | -73.27 | -1.97 | -8.58 | |
PFCF ratio | -4.86 | -1.08 | -73.27 | -1.97 | -8.58 | |
P/B Ratio | 1.15 | 1.09 | 0.98 | 0.8 | 0.99 | |
PTB ratio | 1.15 | 1.09 | 0.98 | 0.8 | 0.99 | |
EV to sales | -22.97 | -1.12 | 2 | 7.06 | -6.05 | |
Enterprise value over EBITDA | -71.95 | -1.17 | 1.92 | 6.21 | -5.6 | |
EV to operating cash flow | -5.12 | -1.19 | -73.99 | -2.38 | -10.47 | |
EV to free cash flow | -5.12 | -1.19 | -73.99 | -2.38 | -10.47 | |
Earnings yield | -0.05 | -0.99 | 0.5 | 0.17 | -0.22 | |
Free cash flow yield | -0.21 | -0.92 | -0.01 | -0.51 | -0.12 | |
Debt to equity | 0.29 | 0.3 | 0.2 | 0.24 | 0.3 | |
Debt to assets | 0.18 | 0.15 | 0.13 | 0.16 | 0.18 | |
Net debt to EBITDA | -3.54 | -0.1 | 0.02 | 1.07 | -1.01 | |
Current ratio | 48.18 | 1.67K | 360.41 | 1.86K | 1.41K | |
Interest coverage | -0.39 | -17.81 | 18.81 | 6.7 | -5.39 | |
Income quality | 3.97 | 0.93 | -0.03 | -3.06 | 0.53 | |
Dividend Yield | 0.13 | 0.29 | 0.13 | 0.11 | 0.16 | |
Payout ratio | -2.58 | -0.29 | 0.26 | 0.68 | -0.72 | |
Sales general and administrative to revenue | -0.12 | -0.01 | 0.01 | 0.03 | -0.03 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 9.93 | 18.87 | 21.36 | 15.61 | 11.64 | |
ROIC | -0.01 | -0.79 | 0.43 | 0.13 | -0.17 | |
Return on tangible assets | -0.04 | -0.55 | 0.31 | 0.09 | -0.13 | |
Graham Net | -4.66 | -3.46 | -2.54 | -3.88 | -3.35 | |
Working capital | 29.47M | 22.8M | 107.82M | 60.63M | 45.88M | |
Tangible asset value | 353.83M | 268.79M | 596.25M | 947.16M | 793.15M | |
Net current asset value | -189.42M | -240.34M | -230.48M | -400.33M | -496.98M | |
Invested capital | 0.29 | 0.3 | 0.2 | 0.24 | 0.3 | |
Average receivables | 6.98M | 9.89M | 14.2M | 21.62M | 25.08M | |
Average payables | 577.36K | 319.19K | 156.82K | 166.32K | 32.64K | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | -169.52 | -14.12 | 21.47 | 72.88 | -55.7 | |
Days payables outstanding | 9.65 | 0.16 | 3.41 | 0.22 | 0.18 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | -2.15 | -25.85 | 17 | 5.01 | -6.55 | |
Payables turnover | 37.81 | 2.32K | 107.07 | 1.67K | 2.01K | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | -0.06 | -1.08 | 0.49 | 0.13 | -0.22 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q2
Metric | History | 2021-09-30 | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.8 | 0.78 | 0.76 | 0.81 | 0.66 | |
Net income per share | 1.31 | -0.14 | -1.23 | 0.09 | 0.57 | |
Operating cash flow per share | 2.38 | 1.96 | 1.69 | 0.8 | 1.03 | |
Free cash flow per share | 2.38 | 1.96 | 1.69 | 0.8 | 1.03 | |
Cash per share | 0.62 | 0.24 | 0.31 | 0.14 | 0.13 | |
Book value per share | 7.38 | 6.56 | 5.2 | 5.04 | 4.94 | |
Tangible book value per share | 7.38 | 6.56 | 5.2 | 5.04 | 4.94 | |
Share holders equity per share | 7.38 | 6.56 | 5.2 | 5.04 | 4.94 | |
Interest debt per share | 1.85 | 1.66 | 1.58 | 1.64 | 1.06 | |
Market cap | 801.2M | 1.05B | 779.45M | 822.38M | 1.01B | |
Enterprise value | 829.43M | 1.2B | 927.51M | 995.2M | 1.18B | |
P/E ratio | 1.38 | -13.28 | -1.05 | 14.53 | 2.19 | |
Price to sales ratio | 9.06 | 9.32 | 6.83 | 6.44 | 7.58 | |
POCF ratio | 3.03 | 3.69 | 3.06 | 6.5 | 4.84 | |
PFCF ratio | 3.03 | 3.69 | 3.06 | 6.5 | 4.84 | |
P/B Ratio | 0.98 | 1.1 | 1 | 1.04 | 1.01 | |
PTB ratio | 0.98 | 1.1 | 1 | 1.04 | 1.01 | |
EV to sales | 9.38 | 10.74 | 8.12 | 7.79 | 8.84 | |
Enterprise value over EBITDA | 5.34 | -164.88 | -5.45 | 32.55 | 8.94 | |
EV to operating cash flow | 3.14 | 4.26 | 3.64 | 7.87 | 5.64 | |
EV to free cash flow | 3.14 | 4.26 | 3.64 | 7.87 | 5.64 | |
Earnings yield | 0.18 | -0.02 | -0.24 | 0.02 | 0.11 | |
Free cash flow yield | 0.33 | 0.27 | 0.33 | 0.15 | 0.21 | |
Debt to equity | 0.24 | 0.24 | 0.29 | 0.3 | 0.2 | |
Debt to assets | 0.16 | 0.16 | 0.17 | 0.18 | 0.13 | |
Net debt to EBITDA | 0.18 | -21.74 | -0.87 | 5.65 | 1.28 | |
Current ratio | 4.65K | 1.86K | 1.98K | 1.41K | 24.57 | |
Interest coverage | 16.02 | -0.59 | -11.06 | 1.86 | 8.01 | |
Income quality | 1.82 | -14.38 | -1.37 | 8.94 | 1.81 | |
Dividend Yield | 0.05 | 0.05 | 0.08 | 0.08 | 0.07 | |
Payout ratio | 0.26 | -2.41 | -0.32 | 4.52 | 0.65 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 14.74 | 4.48 | 11.99 | 3.2 | 7.96 | |
ROIC | 0.15 | -0.01 | -0.17 | 0.03 | 0.11 | |
Return on tangible assets | 0.12 | -0.01 | -0.14 | 0.01 | 0.08 | |
Graham Net | -2.69 | -2.82 | -3.05 | -3.2 | -2.24 | |
Working capital | 87.15M | 60.63M | 64.7M | 45.88M | 54.86M | |
Tangible asset value | 819.63M | 947.16M | 783.24M | 793.15M | 998.41M | |
Net current asset value | -340M | -400.33M | -455.43M | -496.98M | -444.71M | |
Invested capital | 0.24 | 0.24 | 0.29 | 0.3 | 0.2 | |
Average receivables | 17.99M | 22.36M | 22.37M | 21.46M | 27.13M | |
Average payables | 159.38K | 25.69K | 32.64K | 32.64K | 1.18M | |
Average inventory | 45.32M | 45.32M | 0 | 0 | 0 | |
Days sales outstanding | 19.06 | 20.85 | 14.78 | 17.04 | 20.34 | |
Days payables outstanding | 0.07 | 0.1 | 0.09 | 0.09 | 5.82 | |
Days of inventory on hand | 345.08 | 0 | 0 | 0 | 0 | |
Receivables turnover | 4.72 | 4.32 | 6.09 | 5.28 | 4.42 | |
Payables turnover | 1.26K | 943.92 | 992.61 | 1.02K | 15.48 | |
Inventory turnover | 0.26 | 0 | 0 | 0 | 0 | |
ROE | 0.18 | -0.02 | -0.24 | 0.02 | 0.12 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
OXLCM Frequently Asked Questions
What is Oxford Lane Capital Corp. stock symbol ?
Oxford Lane Capital Corp. is a US stock , located in Greenwich of Ct and trading under the symbol OXLCM
What is Oxford Lane Capital Corp. stock quote today ?
Oxford Lane Capital Corp. stock price is $25.03 today.
Is Oxford Lane Capital Corp. stock public?
Yes, Oxford Lane Capital Corp. is a publicly traded company.