Zacks Investment Research Upgrades Oxford Lane Capital (OXLC) to “Hold”

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.

Several institutional investors have recently bought and sold shares of OXLC. Wells Fargo & Company MN boosted its holdings in shares of Oxford Lane Capital by 706.5% during the third quarter. Wells Fargo & Company MN now owns 102,739 shares of the investment management company’s stock worth $1,089,000 after purchasing an additional 90,000 shares during the period. LPL Financial LLC purchased a new stake in shares of Oxford Lane Capital during the third quarter worth about $440,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Oxford Lane Capital during the second quarter worth about $277,000. Morgan Stanley boosted its holdings in shares of Oxford Lane Capital by 11.0% during the third quarter. Morgan Stanley now owns 185,537 shares of the investment management company’s stock worth $1,966,000 after purchasing an additional 18,388 shares during the period. Finally, Signaturefd LLC purchased a new stake in shares of Oxford Lane Capital during the third quarter worth about $127,000.

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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