Published On: Sat, Sep 17th, 2016

Zacks Investment Research Lowers Oxford Lane Capital Corp (OXLC) to Hold

Oxford Lane Capital Corp (NASDAQ:OXLC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.
Separately, Maxim Group downgraded Oxford Lane Capital Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 26th.
Oxford Lane Capital Corp (NASDAQ:OXLC) opened at 10.16 on Friday. Oxford Lane Capital Corp has a 1-year low of $5.70 and a 1-year high of $14.25. The company’s 50-day moving average price is $10.75 and its 200-day moving average price is $9.29.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/17/zacks-investment-research-lowers-oxford-lane-capital-corp-oxlc-to-hold.html

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 23.62%. The ex-dividend date is Wednesday, September 14th.
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.

Get a free copy of the Zacks research report on Oxford Lane Capital Corp (OXLC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Oxford Lane Capital Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oxford Lane Capital Corp and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>