Oxford Lane Capital Shares Plunge Following Portfolio Valuation Estimate

Friday’s trading session delivered a severe blow to Oxford Lane Capital shareholders as the stock plummeted to a fresh 52-week low. This dramatic decline was triggered by the company’s release of an unaudited net asset value estimate on Thursday, which indicated significant deterioration within its investment portfolio.

The investment firm disclosed on November 13th its preliminary NAV estimate for October 31st, projecting a range of $18.21 to $18.51 per share. Company officials emphasized that these figures had not yet undergone standard quarterly closing procedures.

Investors responded with immediate selling pressure. By Friday’s close, shares had tumbled to $14.16, representing a single-day decline of 5.03 percent, after hitting a new Read more...