Oxford Lane Capital (OXLC) Getting Somewhat Critical Media Coverage, Report Finds
News articles about Oxford Lane Capital (NASDAQ:OXLC) have trended somewhat negative on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oxford Lane Capital earned a daily sentiment score of -0.08 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.7441123846945 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, Zacks Investment Research downgraded Oxford Lane Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th.
Shares of NASDAQ:OXLC traded down $0.02 during midday trading on Friday, hitting $10.78. The company’s stock had a trading volume of 277,605 shares, compared to its average volume of 249,788. Oxford Lane Capital has a fifty-two week low of $9.11 and a fifty-two week high of $11.74.
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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