Somewhat Positive Media Coverage Somewhat Unlikely to Affect Oxford Lane Capital Corp (OXLC) Share Price

Media headlines about Oxford Lane Capital Corp (NASDAQ:OXLC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oxford Lane Capital Corp earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 44.6759980544843 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of equities research analysts have commented on OXLC shares. Ladenburg Thalmann Financial Services raised Oxford Lane Capital Corp from a “neutral” rating to a “buy” rating and set a $10.25 target price on the stock in a research report on Friday, June 30th. Zacks Investment Research raised Oxford Lane Capital Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

Shares of Oxford Lane Capital Corp (OXLC) traded up 0.46% during mid-day trading on Friday, reaching $10.92. The company had a trading volume of 175,786 shares. Oxford Lane Capital Corp has a one year low of $9.34 and a one year high of $11.80. The company has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.63.

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Oxford Lane Capital Corp 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.

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