Oxford Lane Capital Delivers Conflicting Financial Signals

Investors in Oxford Lane Capital are facing a complex investment picture following the release of the company’s second-quarter results. The business development company presented a report card marked by significant contradictions, with improvements in certain accounting measures overshadowed by troubling declines in fundamental value metrics.

The figures released on November 3rd revealed Oxford Lane fell short of analyst expectations for core net investment income, reporting just $1.24 per share against projections of $1.30. Total investment income of $128.3 million also missed the mark, coming in below the anticipated $138 million.

However, the company demonstrated strength in its GAAP financial measures. GAAP net investment income advanced to approximately $81.4 million, or $0.84 per share, Read more...