Oxford Lane Capital Corp (OXLC) Lifted to Hold at Zacks Investment Research
Oxford Lane Capital Corp (NASDAQ:OXLC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Separately, Ladenburg Thalmann Financial Services upgraded shares of Oxford Lane Capital Corp from a “neutral” rating to a “buy” rating and set a $10.25 price objective on the stock in a research report on Friday, June 30th.
Shares of Oxford Lane Capital Corp (OXLC) opened at 10.86 on Friday. Oxford Lane Capital Corp has a one year low of $9.34 and a one year high of $11.80. The company’s 50-day moving average is $10.59 and its 200-day moving average is $10.79.
Several large investors have recently added to or reduced their stakes in OXLC. Creative Planning raised its stake in Oxford Lane Capital Corp by 70.2% in the first quarter. Creative Planning now owns 10,431 shares of the investment management company’s stock valued at $116,000 after buying an additional 4,301 shares in the last quarter. Baird Financial Group Inc. raised its stake in Oxford Lane Capital Corp by 2.2% in the first quarter. Baird Financial Group Inc. now owns 58,259 shares of the investment management company’s stock valued at $648,000 after buying an additional 1,240 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Oxford Lane Capital Corp during the first quarter valued at approximately $229,000. Blair William & Co. IL acquired a new stake in Oxford Lane Capital Corp during the second quarter valued at approximately $1,801,000. Finally, KCG Holdings Inc. acquired a new stake in Oxford Lane Capital Corp during the first quarter valued at approximately $129,000.
About Oxford Lane Capital Corp
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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