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

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a significant increase in short interest in the month of 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.

Oxford Lane Capital Trading Down 0.4 %

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

Oxford Lane Capital (NASDAQ:OXLC) last posted 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 21.43%. Oxford Lane Capital’s payout ratio is currently 126.51%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC grew its stake in Oxford Lane Capital by 20.8% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company’s stock worth $62,000 after purchasing an additional 2,100 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Oxford Lane Capital by 5.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company’s stock worth $304,000 after buying an additional 3,125 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Oxford Lane Capital by 31.1% during the 3rd quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after buying an additional 3,229 shares during the period. D.A. Davidson & CO. grew its position in shares of Oxford Lane Capital by 16.5% during the 3rd quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company’s stock worth $143,000 after buying an additional 3,865 shares during the period. Finally, SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter valued at $30,000. 6.74% of the stock is owned by institutional investors.

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.