Oxford Lane Capital Corp. (NASDAQ:OXLC) Sees Large Decrease in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,060,198 shares, a drop of 29.8% from the December 15th total of 1,510,642 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 1,407,708 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 1,407,708 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the shares of the company are sold short.

Oxford Lane Capital Stock Down 1.7%

NASDAQ OXLC traded down $0.25 during trading hours on Monday, reaching $14.67. 1,135,827 shares of the company were exchanged, compared to its average volume of 1,199,356. The stock has a market capitalization of $1.33 billion, a P/E ratio of 2.19 and a beta of 0.70. Oxford Lane Capital has a 1 year low of $12.88 and a 1 year high of $25.95. The business’s 50 day simple moving average is $14.42 and its 200-day simple moving average is $16.43.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 32.7%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Capital CS Group LLC lifted its stake in Oxford Lane Capital by 7.4% during the fourth quarter. Capital CS Group LLC now owns 16,424 shares of the investment management company’s stock worth $240,000 after purchasing an additional 1,126 shares during the last quarter. WPG Advisers LLC raised its holdings in shares of Oxford Lane Capital by 87.5% during the 3rd quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock valued at $44,000 after buying an additional 1,223 shares in the last quarter. Fermata Advisors LLC raised its holdings in shares of Oxford Lane Capital by 18.3% during the 4th quarter. Fermata Advisors LLC now owns 13,089 shares of the investment management company’s stock valued at $192,000 after buying an additional 2,024 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Oxford Lane Capital by 92.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock worth $26,000 after buying an additional 2,979 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Oxford Lane Capital by 25.0% in the second quarter. EverSource Wealth Advisors LLC now owns 20,000 shares of the investment management company’s stock worth $84,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 6.74% of the company’s stock.

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.