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

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the target of a significant 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. Based on an average trading volume of 6,881,700 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Oxford Lane Capital

Hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. purchased a new position in Oxford Lane Capital during the third quarter worth about $777,000. Border to Coast Pensions Partnership Ltd boosted its position in shares of 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 worth $9,373,000 after acquiring an additional 445,000 shares during the last quarter. Realta Investment Advisors grew its holdings in Oxford Lane Capital by 15.9% in the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock valued at $5,254,000 after purchasing an additional 141,536 shares during the period. Apollon Wealth Management LLC acquired a new position in Oxford Lane Capital during the fourth quarter worth approximately $290,000. Finally, J.W. Cole Advisors Inc. raised its stake in Oxford Lane Capital by 25.3% during 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 purchasing an additional 57,865 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock traded down $0.01 during midday trading on Friday, reaching $4.65. 3,111,013 shares of the company were exchanged, compared to its average volume of 4,718,820. The firm’s 50-day simple moving average is $4.95 and its 200-day simple moving average is $5.13. Oxford Lane Capital has a 1 year low of $4.01 and a 1 year high of $5.78. The company 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 (NASDAQ:OXLC) last issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 23.23%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio is presently 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.