Zacks Investment Research cut shares of Oxford Lane Capital (NASDAQ:OXLC) from a hold rating to a sell rating in a research note published on Thursday.

Oxford Lane Capital stock opened at $10.23 on Thursday. Oxford Lane Capital has a one year low of $9.11 and a one year high of $11.74.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, November 5th. The investment management company reported $0.46 EPS for the quarter. The company had revenue of $21.90 million during the quarter.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 24th will be paid a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 15.84%. The ex-dividend date of this dividend is Wednesday, January 23rd.

Several institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL lifted its stake in shares of Oxford Lane Capital by 4.2% in the third quarter. Blair William & Co. IL now owns 185,756 shares of the investment management company’s stock worth $1,968,000 after acquiring an additional 7,500 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Oxford Lane Capital by 706.5% in the third quarter. Wells Fargo & Company MN now owns 102,739 shares of the investment management company’s stock worth $1,089,000 after acquiring an additional 90,000 shares during the period. LPL Financial LLC acquired a new position in shares of Oxford Lane Capital in the third quarter worth approximately $440,000. Millennium Management LLC lifted its stake in shares of Oxford Lane Capital by 55.7% in the first quarter. Millennium Management LLC now owns 40,883 shares of the investment management company’s stock worth $414,000 after acquiring an additional 14,618 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Oxford Lane Capital by 67.4% in the second quarter. GSA Capital Partners LLP now owns 29,300 shares of the investment management company’s stock worth $305,000 after acquiring an additional 11,800 shares during the period.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

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