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

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

Institutional Trading of Oxford Lane Capital

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

Oxford Lane Capital Stock Down 0.2 %

Shares of OXLC opened at $4.65 on Friday. The stock’s 50-day moving average price is $4.95 and its 200 day moving average price is $5.13. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.60 and a beta of 1.17. Oxford Lane Capital has a 12-month low of $4.01 and a 12-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 analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The firm 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 dividend of $0.09 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.08 annualized dividend and a dividend yield of 23.23%. Oxford Lane Capital’s dividend payout ratio (DPR) is currently 127.71%.

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.