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Zacks Investment Research downgraded Oxford Lane Capital Corp (NASDAQ:OXLC) to Hold in a report released today.

Zacks Investment Research has downgraded Oxford Lane Capital Corp(NASDAQ:OXLC) to Hold in a report released on 9/17/2016.

Previously on Friday August 26 2016, Zacks Investment Research reported about Oxford Lane Capital Corp(NASDAQ:OXLC) upped the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 0.16%.

Boasting a price of $10.16, Oxford Lane Capital Corp (NASDAQ:OXLC) traded 2.21% lower on the day. The last close is up 9.40% 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. Oxford Lane Capital Corp has been tracking to a 50-day average of $10.75 and two hundred day average of $9.29. 105,533 shares of OXLC traded, down from ann average volume of 136,488

Performance Graphic:

Oxford Lane Capital Corp (NASDAQ:OXLC)

With a market capitalization of $0.0, Oxford Lane Capital Corp has a P/E of 0 with a one-year low of $5.70 and a one-year high of $14.25.

General Information About 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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