Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Decreases By 16.7%

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,290,000 shares, a decrease of 16.7% from the February 13th total of 3,950,000 shares. Based on an average daily volume of 6,181,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Oxford Lane Capital

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

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC traded down $0.15 during midday trading on Tuesday, hitting $4.53. 8,837,168 shares of the company’s stock traded hands, compared to its average volume of 4,482,572. Oxford Lane Capital has a twelve month low of $4.53 and a twelve month high of $5.78. The company has a market cap of $1.57 billion, a PE ratio of 5.45 and a beta of 1.17. The firm’s fifty day moving average price is $5.06 and its two-hundred day moving average price is $5.18.

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 analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 23.87%. The ex-dividend date of this dividend is Monday, June 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is 126.51%.

About Oxford Lane Capital

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.