Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Down 16.7% in February

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a large 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. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 6,181,400 shares, the short-interest ratio is presently 0.5 days.

Oxford Lane Capital Price Performance

Shares of OXLC stock traded down $0.15 during mid-day trading on Tuesday, hitting $4.53. The stock had a trading volume of 8,837,168 shares, compared to its average volume of 4,482,572. The firm has a market cap of $1.57 billion, a PE ratio of 5.45 and a beta of 1.17. Oxford Lane Capital has a fifty-two week low of $4.53 and a fifty-two week high of $5.78. The company’s 50-day simple moving average is $5.06 and its 200-day simple moving average is $5.18.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.09 dividend. 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 23.87%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 126.51%.

Institutional Investors Weigh In On Oxford Lane Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Border to Coast Pensions Partnership Ltd increased its stake in Oxford Lane Capital by 31.7% in the 4th 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 shares of Oxford Lane Capital by 10.0% in 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 in the last quarter. Realta Investment Advisors boosted its position in shares of Oxford Lane Capital by 15.9% in the 4th quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after buying an additional 141,536 shares in the last quarter. TrueMark Investments LLC increased its holdings in Oxford Lane Capital by 88.5% during 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 in the last quarter. Finally, Citadel Advisors LLC raised its position in 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 worth $4,874,000 after acquiring an additional 739,506 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

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.