News coverage about Oxford Lane Capital Corp. (NASDAQ:OXLC) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oxford Lane Capital Corp. earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 47.0827297651018 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Oxford Lane Capital Corp. (NASDAQ:OXLC) opened at $10.16 on Wednesday. Oxford Lane Capital Corp. has a 1-year low of $9.34 and a 1-year high of $11.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 15.75%. Oxford Lane Capital Corp.’s dividend payout ratio (DPR) is presently 116.79%.
Several brokerages recently commented on OXLC. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $11.00 target price (up previously from $10.25) on shares of Oxford Lane Capital Corp. in a research report on Thursday, October 5th. Zacks Investment Research raised Oxford Lane Capital Corp. from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
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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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