Oxford Lane Capital Corp (NASDAQ:OXLC)‘s stock had its “buy” rating restated by equities researchers at Ladenburg Thalmann Financial Services in a research note issued to investors on Thursday. They presently have a $11.00 target price on the investment management company’s stock, up from their previous target price of $10.25. Ladenburg Thalmann Financial Services’ price objective would indicate a potential upside of 4.56% from the company’s current price.
Separately, Zacks Investment Research downgraded Oxford Lane Capital Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th.
Oxford Lane Capital Corp (NASDAQ:OXLC) opened at 10.52 on Thursday. Oxford Lane Capital Corp has a one year low of $9.34 and a one year high of $11.80. The stock’s 50 day moving average price is $10.57 and its 200 day moving average price is $10.64.
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A number of institutional investors and hedge funds have recently modified their holdings of OXLC. Blair William & Co. IL bought a new stake in Oxford Lane Capital Corp during the 2nd quarter valued at approximately $1,801,000. Advisor Group Inc. raised its stake in Oxford Lane Capital Corp by 83.5% during 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 period. Virtu KCG Holdings LLC raised its stake in Oxford Lane Capital Corp by 258.0% during 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 period. The Manufacturers Life Insurance Company bought a new stake in Oxford Lane Capital Corp during the 2nd quarter valued at approximately $263,000. Finally, Citadel Advisors LLC bought a new stake in Oxford Lane Capital Corp during the 1st quarter valued at approximately $229,000.
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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