Oxford Lane Capital (OXLC) Upgraded at Zacks Investment Research

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%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in shares of Oxford Lane Capital in the second quarter worth $111,000. Commonwealth Equity Services LLC acquired a new position in shares of Oxford Lane Capital in the second quarter worth $212,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Oxford Lane Capital by 14.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,334 shares of the investment management company’s stock worth $439,000 after acquiring an additional 5,315 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Oxford Lane Capital by 13.4% in the first quarter. Baird Financial Group Inc. now owns 92,232 shares of the investment management company’s stock worth $934,000 after acquiring an additional 10,870 shares during the last quarter. Finally, Summit X LLC acquired a new position in shares of Oxford Lane Capital in the first quarter worth $121,000.

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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