Oxford Lane Capital Corp (NASDAQ:OXLC)‘s stock had its “buy” rating reaffirmed by investment analysts at Ladenburg Thalmann Financial Services in a report released on Thursday. They presently have a $11.00 price objective on the investment management company’s stock, up from their prior price objective of $10.25. Ladenburg Thalmann Financial Services’ price objective indicates a potential upside of 4.46% from the stock’s current price.

Separately, Zacks Investment Research raised Oxford Lane Capital Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd.

Shares of Oxford Lane Capital Corp (OXLC) traded up 0.10% on Thursday, hitting $10.53. 88,600 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $10.57 and its 200 day moving average price is $10.64. Oxford Lane Capital Corp has a 1-year low of $9.34 and a 1-year high of $11.80.

WARNING: “Oxford Lane Capital Corp (OXLC) Stock Rating Reaffirmed by Ladenburg Thalmann Financial Services” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/10/05/oxford-lane-capital-corp-oxlc-stock-rating-reaffirmed-by-ladenburg-thalmann-financial-services.html.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of Oxford Lane Capital Corp by 29.4% in the 1st quarter. Bank of America Corp DE now owns 12,770 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 2,904 shares during the period. GSA Capital Partners LLP grew its position in shares of Oxford Lane Capital Corp by 66.1% in the 2nd quarter. GSA Capital Partners LLP now owns 18,600 shares of the investment management company’s stock valued at $184,000 after purchasing an additional 7,400 shares during the period. KCG Holdings Inc. acquired a new position in shares of Oxford Lane Capital Corp in the 1st quarter valued at approximately $129,000. Citadel Advisors LLC acquired a new position in shares of Oxford Lane Capital Corp in the 1st quarter valued at approximately $229,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Oxford Lane Capital Corp in the 2nd quarter valued at approximately $263,000.

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.

Receive News & Ratings for Oxford Lane Capital Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital Corp and related companies with MarketBeat.com's FREE daily email newsletter.