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.
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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.
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