Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Expands By 135.0%

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 7,730,000 shares, a growth of 135.0% from the February 28th total of 3,290,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 6,881,700 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Oxford Lane Capital

A number of large investors have recently modified their holdings of the stock. SWAN Capital LLC purchased a new position in Oxford Lane Capital in the 4th quarter valued at about $30,000. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital in the fourth quarter worth about $51,000. Titleist Asset Management LLC purchased a new position in Oxford Lane Capital in the fourth quarter valued at about $51,000. Choreo LLC purchased a new position in shares of Oxford Lane Capital during the 4th quarter valued at approximately $51,000. Finally, Walkner Condon Financial Advisors LLC bought a new stake in shares of Oxford Lane Capital in the 4th quarter worth about $51,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC traded down $0.01 during trading on Friday, reaching $4.65. 3,111,013 shares of the stock were exchanged, compared to its average volume of 4,718,820. Oxford Lane Capital has a 12-month low of $4.01 and a 12-month high of $5.78. The firm’s 50-day moving average price is $4.95 and its 200 day moving average price is $5.13. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 5.60 and a beta of 1.17.

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 business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s payout ratio is 127.71%.

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.