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

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,810,000 shares, a drop of 21.7% from the December 15th total of 3,590,000 shares. Based on an average daily volume of 4,508,400 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Oxford Lane Capital

Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its stake in Oxford Lane Capital by 31.1% during the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company’s stock worth $71,000 after purchasing an additional 3,229 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of Oxford Lane Capital by 33.5% in the third quarter. Capital Investment Advisors LLC now owns 14,682 shares of the investment management company’s stock valued at $77,000 after purchasing an additional 3,682 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in 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 in the last quarter. Sage Capital Advisors llc boosted its position in Oxford Lane Capital by 6.3% in the 3rd quarter. Sage Capital Advisors llc now owns 85,082 shares of the investment management company’s stock valued at $446,000 after buying an additional 5,030 shares during the period. Finally, Sigma Planning Corp boosted its position in Oxford Lane Capital by 10.2% in the 3rd quarter. Sigma Planning Corp now owns 69,307 shares of the investment management company’s stock valued at $363,000 after buying an additional 6,390 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Trading Down 1.4 %

Oxford Lane Capital stock traded down $0.07 during trading on Friday, hitting $5.08. The company had a trading volume of 4,219,502 shares, compared to its average volume of 5,149,551. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 3.63 and a beta of 1.15. Oxford Lane Capital has a 1-year low of $4.95 and a 1-year high of $5.78. The company’s 50 day simple moving average is $5.19 and its 200-day simple moving average is $5.30.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be issued a $0.09 dividend. The ex-dividend date is Friday, January 17th. This represents a dividend yield of 21.26%. Oxford Lane Capital’s dividend payout ratio is presently 73.57%.

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.