Zacks Investment Research upgraded shares of Oxford Lane Capital Corp (NASDAQ:OXLC) from a sell rating to a hold rating in a research report released on Wednesday.

Separately, Ladenburg Thalmann Financial Services raised Oxford Lane Capital Corp from a neutral rating to a buy rating and set a $10.25 price target for the company in a report on Friday, June 30th.

Shares of Oxford Lane Capital Corp (NASDAQ:OXLC) opened at 10.88 on Wednesday. The company has a 50-day moving average price of $10.54 and a 200-day moving average price of $10.80. Oxford Lane Capital Corp has a 52 week low of $9.34 and a 52 week high of $11.80.

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Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in Oxford Lane Capital Corp during the second quarter worth $263,000. Virtu KCG Holdings LLC boosted its position in Oxford Lane Capital Corp by 258.0% in the second quarter. Virtu KCG Holdings LLC now owns 41,437 shares of the investment management company’s stock worth $411,000 after buying an additional 29,863 shares during the last quarter. Advisor Group Inc. boosted its position in Oxford Lane Capital Corp by 83.5% in the second quarter. Advisor Group Inc. now owns 131,168 shares of the investment management company’s stock worth $1,300,000 after buying an additional 59,695 shares during the last quarter. GSA Capital Partners LLP boosted its position in Oxford Lane Capital Corp by 66.1% in the second quarter. GSA Capital Partners LLP now owns 18,600 shares of the investment management company’s stock worth $184,000 after buying an additional 7,400 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in Oxford Lane Capital Corp during the second quarter worth $1,801,000.

Oxford Lane Capital Corp Company Profile

Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.

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