Positive Press Coverage Somewhat Unlikely to Affect Oxford Lane Capital Corp (NASDAQ:OXLC) Share Price
Press coverage about Oxford Lane Capital Corp (NASDAQ:OXLC) has been trending positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oxford Lane Capital Corp earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 45.8130872283488 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Oxford Lane Capital Corp. : Announces Dividend Declaration On 6.75% Series 2024 Term Preferred Stock (4-traders.com)
- Oxford Lane Capital Corp. Schedules First Fiscal Quarter Earnings Release and Conference Call for August 11, 2017 (feeds.benzinga.com)
- Oxford Lane Capital Corp. Announces Dividend Declaration On 6.75% Series 2024 Term Preferred Stock (thestreet.com)
- Oxford Lane Capital Corp. Announces Dividend Declaration On 6.75% Series 2024 Term Preferred Stock (finance.yahoo.com)
Separately, Ladenburg Thalmann Financial Services raised shares of Oxford Lane Capital Corp from a “neutral” rating to a “buy” rating and set a $10.25 price objective for the company in a research report on Friday, June 30th.
Shares of Oxford Lane Capital Corp (OXLC) traded down 0.6462% during midday trading on Thursday, hitting $10.5315. 80,701 shares of the stock were exchanged. Oxford Lane Capital Corp has a 1-year low of $9.34 and a 1-year high of $11.80. The stock’s 50-day moving average price is $10.28 and its 200-day moving average price is $10.82.
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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