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

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a large 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 daily volume of 5,418,400 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Oxford Lane Capital

Large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. acquired a new position in shares of Oxford Lane Capital in the 3rd quarter worth approximately $777,000. Border to Coast Pensions Partnership Ltd lifted its position 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 in the last quarter. 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. Apollon Wealth Management LLC acquired a new stake in Oxford Lane Capital in the 4th quarter valued at about $290,000. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Oxford Lane Capital by 25.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company’s stock worth $1,451,000 after acquiring an additional 57,865 shares during the last quarter. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Price Performance

Shares of OXLC traded down $0.02 during mid-day trading on Tuesday, reaching $5.03. The company had a trading volume of 7,805,663 shares, compared to its average volume of 5,883,053. The company’s 50-day moving average is $5.10 and its 200-day moving average is $5.20. The company has a market capitalization of $1.74 billion, a P/E ratio of 6.05 and a beta of 1.16. Oxford Lane Capital has a twelve month low of $4.95 and a twelve month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Shareholders of record on Monday, June 16th will be given 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 21.49%. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 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.