Oxford Lane Capital Corp (OXLC) was Downgraded by Maxim Group to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. Maxim Group advised their investors in a research report released on May 26, 2016.
Oxford Lane Capital Corp closed down -0.13 points or -1.37% at $9.34 with 1,04,670 shares getting traded on Wednesday. Post opening the session at $9.49, the shares hit an intraday low of $9.15 and an intraday high of $9.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 21, 2015, Mark Jeffrey Ashenfelter (director) purchased 2,500 shares at $12.52 per share price.
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. The Company’s focus is to seek that return by investing in structured finance investments specifically collateralized loan obligation (CLO) vehicles which primarily own senior secured corporate loans. 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. It may also invest on an opportunistic basis in corporate debt securities on a direct basis and a range of other corporate credits. It makes purchasing in both the primary and secondary markets the income notes and subordinated notes and junior debt tranches of various CLO vehicles and the equity tranches of various warehouse facilities. Oxford Lane Management LLC (OXLC Management) is the investment adviser of the Fund.