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

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,510,642 shares, a growth of 37.2% from the November 30th total of 1,100,816 shares. Based on an average daily trading volume, of 1,014,456 shares, the short-interest ratio is currently 1.5 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 1,014,456 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OXLC. Wedbush Securities Inc. increased its position in shares of Oxford Lane Capital by 11.1% during the second quarter. Wedbush Securities Inc. now owns 1,516,297 shares of the investment management company’s stock worth $6,368,000 after acquiring an additional 152,083 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Oxford Lane Capital by 3.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company’s stock worth $2,866,000 after purchasing an additional 22,365 shares during the period. Jane Street Group LLC increased its holdings in Oxford Lane Capital by 1,520.4% during the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock worth $2,498,000 after purchasing an additional 557,996 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Oxford Lane Capital by 8.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company’s stock valued at $2,433,000 after purchasing an additional 43,330 shares during the period. Finally, Bulldog Investors LLP acquired a new stake in shares of Oxford Lane Capital in the 3rd quarter valued at about $7,573,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Up 0.3%

Shares of OXLC traded up $0.05 during trading hours on Wednesday, reaching $14.64. The stock had a trading volume of 2,320,206 shares, compared to its average volume of 1,335,068. The company has a market cap of $1.33 billion, a P/E ratio of 2.10 and a beta of 0.72. Oxford Lane Capital has a 52 week low of $12.88 and a 52 week high of $25.95. The firm has a 50-day moving average of $14.55 and a 200 day moving average of $16.96.

Oxford Lane Capital (NASDAQ:OXLC) last posted its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The business had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $247.87 million.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.40 per share. This represents a c) dividend on an annualized basis and a yield of 32.8%. The ex-dividend date of this dividend is Tuesday, March 17th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.