Oxford Lane Capital Corp (OXLC) Receiving Somewhat Positive Media Coverage, Report Shows
News articles about Oxford Lane Capital Corp (NASDAQ:OXLC) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oxford Lane Capital Corp earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 46.045670685063 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Oxford Lane Capital Corp (OXLC) traded up 0.09% during mid-day trading on Friday, reaching $10.84. 157,286 shares of the company were exchanged. The company has a 50 day moving average of $10.65 and a 200-day moving average of $10.77. Oxford Lane Capital Corp has a 1-year low of $9.34 and a 1-year high of $11.80.
A number of research analysts recently commented on OXLC shares. Ladenburg Thalmann Financial Services raised shares of 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. Zacks Investment Research raised shares of Oxford Lane Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
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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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