OX
Oxford Lane Capital Corp
OXLC—
Oxford Lane Capital Corp AI Insights
Informational only. Not investment advice.Snapshot
- Investment losses of -1.1B TTM dwarf 10.1M revenue - NAV destruction driving -89% EPS decline YoY[Gain/Loss on Investment Securities TTM]
- Dividend of $5.35/share TTM vs EPS of $0.44 - paying 12x earnings, funded by $664M stock issuance[Dividends Paid Per Share TTM]
- Trading at 0.72x book value (P/B) signals market pricing in continued NAV erosion[Price to Book Ratio]
Watch Triggers
- Gain/Loss on Investment Securities TTM: Turns positive or losses narrow to <$200M — CLO equity marks drive NAV; stabilization would validate book value
- Net Common Stock Issuance TTM: Falls below dividend payments ($405M) — Would signal dividend funded by operations vs dilution
- Price to Book Ratio: Falls below 0.50x — Deeper discount may signal market expects dividend cut or NAV impairment
Bull Case
Deep discount to book (0.72x P/B) offers margin of safety if CLO portfolio stabilizes; debt/equity of 0.26 provides balance sheet flexibility
Price to Book RatioDebt to Equity
Interest income of 9.8M TTM demonstrates underlying portfolio yield; rising rates could improve CLO equity distributions
Interest Income TTM
Bear Case
Revenue collapsed -95% YoY while investment losses hit -1.1B TTM - CLO equity marks deteriorating rapidly
Total Revenue 1Yr Growth TTMGain/Loss on Investment Securities TTM
Dividend yield is illusory - $405M paid out funded by $684M stock issuance, diluting existing shareholders 50%+ annually
Common Stock Dividend Paid TTMIssuance of Capital Stock TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
30%
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Forward Thesis
Dividend sustainability at risk - current payout requires continued equity dilution or NAV liquidation
3-12mhigh
- Dividend payout 12x EPS unsustainable from operations
- FCF of -620M TTM requires external funding
- Stock issuance of 684M TTM funds distributions
EPS $0.44 vs dividend $5.35 TTMFCF -620M, Cash flow -620M TTMNet stock issuance +664M TTM
Valuation Context
Caveats
Public Strategies Rankings
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OXLC Fundamentals
Finance and Insurance → Securities, Commodity Contracts, and Other Financial Investments and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.42B | — | ||
$1.89B | — | ||
33 | — | ||
$10.1M | -94.8% | — | |
$0.44 | -89.1% | — | |
0% | — | ||
37.2% | -58.2% | — | |
$-620.0M | — | ||
0.00 | -14.0% | — | |
Beta 5Y (Monthly) | unknown | — |
OXLC Dividend History
128 dividends
2026
$1.200003/17/26$0.4000
02/13/26$0.4000
01/16/26$0.4000
2025
$2.370012/17/25$0.4000
11/14/25$0.4000
10/17/25$0.4000
09/16/25$0.4500
08/15/25$0.0900
07/17/25$0.0900
06/16/25$0.0900
05/16/25$0.0900
04/16/25$0.0900
03/17/25$0.0900
02/14/25$0.0900
01/17/25$0.0900
2024
$1.020012/17/24$0.0900
11/15/24$0.0900
10/17/24$0.0900
09/16/24$0.0900
08/16/24$0.0900
07/17/24$0.0900
06/14/24$0.0800
05/16/24$0.0800
04/15/24$0.0800
03/14/24$0.0800
02/14/24$0.0800
01/16/24$0.0800
2023
$0.930012/14/23$0.0800
11/15/23$0.0800
10/16/23$0.0800
09/14/23$0.0800
08/16/23$0.0800
07/14/23$0.0800
06/15/23$0.0750
05/16/23$0.0750
04/13/23$0.0750
03/16/23$0.0750
02/13/23$0.0750
01/16/23$0.0750
2022
$0.900012/15/22$0.0750
11/15/22$0.0750
10/14/22$0.0750
09/15/22$0.0750
08/16/22$0.0750
07/14/22$0.0750
06/15/22$0.0750
05/16/22$0.0750
04/13/22$0.0750
03/16/22$0.0750
02/11/22$0.0750
01/13/22$0.0750
2021
$0.162012/16/21$0.0135
11/15/21$0.0135
10/14/21$0.0135
09/15/21$0.0135
08/16/21$0.0135
07/15/21$0.0135
06/15/21$0.0135
05/13/21$0.0135
04/15/21$0.0135
03/16/21$0.0135
02/11/21$0.0135
01/14/21$0.0135
2020
$0.241112/15/20$0.0135
11/12/20$0.0135
10/15/20$0.0135
09/15/20$0.0135
08/14/20$0.0135
07/16/20$0.0135
06/12/20$0.0270
05/13/20$0.0260
04/14/20$0.0260
03/16/20$0.0270
02/13/20$0.0270
01/16/20$0.0270
2019
$0.324012/17/19$0.0270
11/14/19$0.0270
10/18/19$0.0270
09/20/19$0.0270
08/22/19$0.0270
07/23/19$0.0270
06/20/19$0.0270
05/23/19$0.0270
04/22/19$0.0270
03/21/19$0.0270
02/20/19$0.0270
01/23/19$0.0270
2018
$0.351012/21/18$0.0270
11/21/18$0.0270
10/23/18$0.0270
09/19/18$0.0540
08/22/18$0.0270
07/20/18$0.0270
06/20/18$0.0270
05/22/18$0.0270
04/19/18$0.0270
03/21/18$0.0270
02/16/18$0.0270
01/22/18$0.0270
2017
$0.360012/14/17$0.0800
09/13/17$0.0800
06/14/17$0.0800
03/14/17$0.1200
2016
$0.600012/14/16$0.1200
12/02/16$0.1200
09/14/16$0.1200
06/14/16$0.1200
03/14/16$0.1200
2015
$0.480012/14/15$0.1200
09/28/15$0.1200
06/12/15$0.1200
03/13/15$0.1200
2014
$0.480012/15/14$0.1200
09/12/14$0.1200
06/12/14$0.1200
03/13/14$0.1200
2013
$0.440012/13/13$0.1100
09/12/13$0.1100
06/12/13$0.1100
03/13/13$0.1100
2012
$0.440012/13/12$0.1100
09/12/12$0.1100
06/13/12$0.1100
03/14/12$0.1100
2011
$0.350012/14/11$0.1000
09/14/11$0.1000
06/14/11$0.1000
03/17/11$0.0500
OXLC Stock Splits
1 stock split
09/08/251:5 split
OXLC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
09/30/25 | 09/30/25 | N-CSRS | |
05/20/25 | 03/31/25 | N-CSR | |
09/30/24 | 09/30/24 | N-CSRS | |
05/17/24 | 03/31/24 | N-CSR | |
09/30/23 | 09/30/23 | N-CSRS | |
05/17/23 | 03/31/23 | N-CSR | |
09/30/22 | 09/30/22 | N-CSRS | |
05/17/22 | 03/31/22 | N-CSR | |
09/30/21 | 09/30/21 | N-CSRS | |
05/12/21 | 03/31/21 | N-CSR | |
09/30/20 | 09/30/20 | N-CSRS | |
05/08/20 | 03/31/20 | N-CSR | |
09/30/19 | 09/30/19 | N-CSRS | |
05/08/19 | 03/31/19 | N-CSR | |
09/30/18 | 09/30/18 | N-CSRS | |
05/17/18 | 03/31/18 | N-CSR | |
09/30/17 | 09/30/17 | N-CSRS | |
05/24/16 | 03/31/16 | N-CSR | |
09/30/15 | 09/30/15 | N-CSRS |