Zacks Investment Research upgraded shares of Oxford Lane Capital (NASDAQ:OXLC) from a sell rating to a hold rating in a report published on Saturday morning.
NASDAQ OXLC opened at $10.63 on Friday. Oxford Lane Capital has a fifty-two week low of $9.11 and a fifty-two week high of $11.74.
The business also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 24th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, October 23rd. This represents a $1.62 dividend on an annualized basis and a dividend yield of 15.24%.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.
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