Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Oxford Lane Capital Corp. (OXLC) Share Price
News headlines about Oxford Lane Capital Corp. (NASDAQ:OXLC) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Oxford Lane Capital Corp. earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 47.253293600507 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of brokerages recently weighed in on OXLC. Zacks Investment Research upgraded shares of Oxford Lane Capital Corp. from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Ladenburg Thalmann Financial Services restated 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.
Oxford Lane Capital Corp. (OXLC) opened at $10.03 on Thursday. Oxford Lane Capital Corp. has a 12-month low of $9.34 and a 12-month high of $11.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 15.95%. Oxford Lane Capital Corp.’s dividend payout ratio is 116.79%.
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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