Oxford Lane Capital (NASDAQ:OXLC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
Shares of NASDAQ:OXLC opened at $10.11 on Wednesday. Oxford Lane Capital has a 52-week low of $7.35 and a 52-week high of $11.74.
Oxford Lane Capital (NASDAQ:OXLC) last announced its earnings results on Monday, November 5th. The investment management company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $21.90 million during the quarter.
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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