Oxford Lane Capital (NASDAQ:OXLC) Lifted to “Hold” at BidaskClub

Oxford Lane Capital (NASDAQ:OXLC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, BidAskClub reports.

Separately, Zacks Investment Research upgraded shares of Oxford Lane Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 10th.

Shares of OXLC traded down $0.05 during midday trading on Wednesday, hitting $10.42. The stock had a trading volume of 2,094 shares, compared to its average volume of 484,211. Oxford Lane Capital has a fifty-two week low of $7.35 and a fifty-two week high of $11.50. The stock’s 50-day moving average price is $10.44.

Several hedge funds and other institutional investors have recently bought and sold shares of OXLC. Deutsche Bank AG raised its position in shares of Oxford Lane Capital by 1,310.3% during the fourth quarter. Deutsche Bank AG now owns 45,636 shares of the investment management company’s stock worth $442,000 after acquiring an additional 42,400 shares during the last quarter. Cetera Advisor Networks LLC raised its position in shares of Oxford Lane Capital by 6.7% during the first quarter. Cetera Advisor Networks LLC now owns 131,351 shares of the investment management company’s stock worth $1,292,000 after acquiring an additional 8,296 shares during the last quarter. National Asset Management Inc. bought a new position in shares of Oxford Lane Capital during the first quarter worth about $157,000. Wiley BROS. Aintree Capital LLC raised its position in shares of Oxford Lane Capital by 262.9% during the second quarter. Wiley BROS. Aintree Capital LLC now owns 101,766 shares of the investment management company’s stock worth $1,026,000 after acquiring an additional 73,727 shares during the last quarter. Finally, NEXT Financial Group Inc bought a new position in shares of Oxford Lane Capital during the second quarter worth about $75,000.

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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