Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,510,642 shares, an increase of 37.2% from the November 30th total of 1,100,816 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,014,456 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 1,014,456 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.7% of the shares of the company are sold short.

Oxford Lane Capital Trading Up 1.8%

NASDAQ OXLC traded up $0.26 during trading hours on Tuesday, hitting $14.59. 1,768,298 shares of the company’s stock traded hands, compared to its average volume of 1,331,101. Oxford Lane Capital has a 52 week low of $12.88 and a 52 week high of $25.95. The firm has a market capitalization of $1.32 billion, a P/E ratio of 2.10 and a beta of 0.72. The business’s fifty day moving average price is $14.55 and its two-hundred day moving average price is $17.01.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.01). The firm had revenue of $128.30 million for the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.40 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 32.9%.

Hedge Funds Weigh In On Oxford Lane Capital

Several large investors have recently added to or reduced their stakes in the company. WPG Advisers LLC increased its stake in Oxford Lane Capital by 87.5% in the 3rd quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock worth $44,000 after buying an additional 1,223 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Oxford Lane Capital by 92.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock worth $26,000 after purchasing an additional 2,979 shares during the period. BNP Paribas Financial Markets bought a new position in Oxford Lane Capital in the 3rd quarter worth approximately $109,000. Ameritas Advisory Services LLC purchased a new stake in Oxford Lane Capital during the 2nd quarter valued at approximately $28,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Oxford Lane Capital during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.