Oxford Lane Capital Corp. (NASDAQ:OXLC) Sees Significant Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,290,000 shares, a drop of 16.7% from the February 13th total of 3,950,000 shares. Based on an average daily volume of 6,181,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.0% of the shares of the stock are sold short.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.19 during trading on Wednesday, reaching $4.30. 32,064,885 shares of the company were exchanged, compared to its average volume of 4,618,211. The stock’s 50 day simple moving average is $5.04 and its two-hundred day simple moving average is $5.17. The company has a market capitalization of $1.49 billion, a P/E ratio of 5.18 and a beta of 1.17. Oxford Lane Capital has a 52-week low of $4.03 and a 52-week high of $5.78.

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

Oxford Lane Capital Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 16th. Oxford Lane Capital’s payout ratio is presently 126.51%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Border to Coast Pensions Partnership Ltd raised its position in Oxford Lane Capital by 31.7% in the fourth 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 during the period. Wedbush Securities Inc. lifted its position in Oxford Lane Capital by 10.0% in the fourth quarter. Wedbush Securities Inc. now owns 1,191,828 shares of the investment management company’s stock valued at $6,043,000 after buying an additional 107,951 shares during the last quarter. Realta Investment Advisors boosted its stake in Oxford Lane Capital by 15.9% during the fourth 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 during the period. TrueMark Investments LLC raised its stake in shares of Oxford Lane Capital by 88.5% in 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 during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Oxford Lane Capital by 333.5% in the 4th 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 hedge funds and other institutional investors.

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.