Oxford Lane Capital (OXLC) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Oxford Lane Capital (NASDAQ:OXLC) from a strong sell rating to a hold rating in a research note published on Tuesday morning.

Separately, Ladenburg Thalmann Financial Services reaffirmed a buy rating and issued a $11.00 target price (up previously from $10.25) on shares of Oxford Lane Capital in a research note on Thursday, October 5th.

Shares of Oxford Lane Capital (NASDAQ:OXLC) traded down $0.13 during trading hours on Tuesday, reaching $10.19. 282,027 shares of the company’s stock were exchanged, compared to its average volume of 355,773. Oxford Lane Capital has a 12-month low of $9.11 and a 12-month high of $11.65. The company has a market cap of $245.79, a price-to-earnings ratio of 7.44 and a beta of 1.01.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.37 earnings per share (EPS) for the quarter. Oxford Lane Capital had a net margin of 18.15% and a return on equity of 5.38%.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a $0.135 dividend. This represents a $1.62 annualized dividend and a dividend yield of 15.90%. The ex-dividend date of this dividend is Wednesday, March 21st. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 116.79%.

Several hedge funds and other institutional investors have recently modified their holdings of OXLC. Advisor Group Inc. boosted its stake in shares of Oxford Lane Capital by 83.5% in the 2nd quarter. Advisor Group Inc. now owns 131,168 shares of the investment management company’s stock valued at $1,300,000 after purchasing an additional 59,695 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Oxford Lane Capital by 258.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 41,437 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 29,863 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Oxford Lane Capital in the 2nd quarter valued at about $263,000. Nine Chapters Capital Management LLC bought a new position in shares of Oxford Lane Capital in the 3rd quarter valued at about $241,000. Finally, Susquehanna International Group LLP bought a new position in shares of Oxford Lane Capital in the 3rd quarter valued at about $166,000.

COPYRIGHT VIOLATION NOTICE: “Oxford Lane Capital (OXLC) Rating Increased to Hold at Zacks Investment Research” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3143140/oxford-lane-capital-oxlc-rating-increased-to-hold-at-zacks-investment-research.html.

Oxford Lane Capital 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.

Get a free copy of the Zacks research report on Oxford Lane Capital (OXLC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.