Somewhat Positive News Coverage Somewhat Unlikely to Affect Oxford Lane Capital (NASDAQ:OXLC) Stock Price

Press coverage about Oxford Lane Capital (NASDAQ:OXLC) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oxford Lane Capital earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 47.4320110596886 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Separately, Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $11.00 price target (up previously from $10.25) on shares of Oxford Lane Capital in a research report on Thursday, October 5th.

Oxford Lane Capital (NASDAQ:OXLC) traded up $0.18 during trading on Friday, reaching $10.34. 241,563 shares of the company traded hands, compared to its average volume of 370,018. Oxford Lane Capital has a twelve month low of $9.11 and a twelve month high of $11.65. The company has a market cap of $249.41, a price-to-earnings ratio of 7.55 and a beta of 1.01.

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 15.67%. The ex-dividend date is Wednesday, March 21st. Oxford Lane Capital’s payout ratio is 116.79%.

TRADEMARK VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Oxford Lane Capital (NASDAQ:OXLC) Stock Price” was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thelincolnianonline.com/2018/01/13/oxford-lane-capital-oxlc-getting-somewhat-favorable-news-coverage-report-finds-updated.html.

About Oxford Lane Capital

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.

Insider Buying and Selling by Quarter for Oxford Lane Capital (NASDAQ:OXLC)

Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply