Oxford Lane Capital (NASDAQ:OXLC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Shares of NASDAQ OXLC opened at $10.69 on Friday. Oxford Lane Capital has a fifty-two week low of $9.11 and a fifty-two week high of $11.74.

A number of hedge funds and other institutional investors have recently made changes to their positions in OXLC. Creative Planning acquired a new position in Oxford Lane Capital in the second quarter valued at approximately $111,000. Summit X LLC acquired a new position in Oxford Lane Capital in the first quarter valued at approximately $121,000. NEXT Financial Group Inc acquired a new position in Oxford Lane Capital in the first quarter valued at approximately $180,000. Commonwealth Equity Services LLC acquired a new position in Oxford Lane Capital in the second quarter valued at approximately $212,000. Finally, Kovack Advisors Inc. acquired a new position in Oxford Lane Capital in the first quarter valued at approximately $239,000.

Oxford Lane Capital Company Profile

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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