Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Increases By 62.6%

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 3,950,000 shares, an increase of 62.6% from the January 31st total of 2,430,000 shares. Based on an average trading volume of 5,418,400 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Oxford Lane Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd boosted its stake in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock valued at $9,373,000 after purchasing an additional 445,000 shares in the last quarter. Wedbush Securities Inc. boosted its position in Oxford Lane Capital by 10.0% during the 4th quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock worth $6,043,000 after buying an additional 107,951 shares during the period. Realta Investment Advisors grew its holdings in Oxford Lane Capital by 15.9% during the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after acquiring an additional 141,536 shares during the last quarter. TrueMark Investments LLC increased its position in Oxford Lane Capital by 88.5% in the 4th quarter. TrueMark Investments LLC now owns 998,125 shares of the investment management company’s stock valued at $5,060,000 after acquiring an additional 468,696 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock valued at $4,874,000 after acquiring an additional 739,506 shares during the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Down 0.4 %

Shares of OXLC stock traded down $0.02 on Monday, reaching $5.04. The company had a trading volume of 6,735,539 shares, compared to its average volume of 5,838,372. The business’s 50-day moving average is $5.10 and its 200 day moving average is $5.20. Oxford Lane Capital has a one year low of $4.95 and a one year high of $5.78. The stock has a market capitalization of $1.74 billion, a PE ratio of 6.07 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 21.43%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is 126.51%.

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.