Oxford Lane Capital Corp (NASDAQ:OXLC) stock price target upped to $11.00, reported earlier today by Zacks Investment Research
- Updated: September 19, 2016
Zacks Investment Research raised the price target of Oxford Lane Capital Corp (NASDAQ:OXLC) to $11, stating a possible upside of 0.12%.
Showing a price of $9.85, Oxford Lane Capital Corp (NASDAQ:OXLC) traded 3.05% lower on the day. With the last stock price close up 5.79% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day average of $10.77 and 200-day moving average of $9.31. 311,931 shares of Oxford Lane Capital Corp were exchanged, up from ann average volume of 138,853
With a market capitalization of $0.0, Oxford Lane Capital Corp has a 52 week low of $5.70 and a 52 week high of $14.25 with a PE ratio of 0.
General Company Details For Oxford Lane Capital Corp (NASDAQ:OXLC)
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. The Fund holds debt investments in over three different CLO structures and equity investments in approximately 30 different CLO structures. Its investment strategy also includes investing in warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. The Fund may also invest, on an opportunistic basis, in corporate debt securities on a direct basis and a range of other corporate credits. Oxford Lane Management, and LLC (OXLC Management) is the investment advisor of the Fund.
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