Oxford Lane Capital (NASDAQ:OXLC) Raised to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Oxford Lane Capital (NASDAQ:OXLC) from a strong sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

Separately, BidaskClub raised Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd.

NASDAQ OXLC opened at $10.63 on Wednesday. The firm has a 50-day moving average price of $10.22. Oxford Lane Capital has a 1-year low of $7.35 and a 1-year high of $11.50.

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be paid a $0.135 dividend. This represents a $1.62 annualized dividend and a dividend yield of 15.24%. The ex-dividend date is Thursday, August 22nd.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisor Networks LLC boosted its stake in shares of Oxford Lane Capital by 4.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 123,055 shares of the investment management company’s stock valued at $1,191,000 after buying an additional 5,669 shares during the period. LPL Financial LLC boosted its stake in shares of Oxford Lane Capital by 36.3% in the 4th quarter. LPL Financial LLC now owns 56,670 shares of the investment management company’s stock valued at $550,000 after buying an additional 15,100 shares during the period. Morgan Stanley boosted its stake in shares of Oxford Lane Capital by 11.0% in the 3rd quarter. Morgan Stanley now owns 185,537 shares of the investment management company’s stock valued at $1,966,000 after buying an additional 18,388 shares during the period. Deutsche Bank AG boosted its stake in shares of Oxford Lane Capital by 1,310.3% in the 4th quarter. Deutsche Bank AG now owns 45,636 shares of the investment management company’s stock valued at $442,000 after buying an additional 42,400 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Oxford Lane Capital by 46.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 54,971 shares of the investment management company’s stock valued at $533,000 after buying an additional 17,487 shares during the period.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

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