Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Increases By 57.4%

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 2,990,000 shares, an increase of 57.4% from the July 15th total of 1,900,000 shares. Based on an average daily trading volume, of 4,411,200 shares, the days-to-cover ratio is currently 0.7 days.

Oxford Lane Capital Stock Performance

NASDAQ:OXLC traded down $0.16 during mid-day trading on Wednesday, reaching $5.29. The stock had a trading volume of 6,854,110 shares, compared to its average volume of 3,113,303. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 5.40 and a beta of 1.17. Oxford Lane Capital has a twelve month low of $4.41 and a twelve month high of $5.78. The business has a 50 day simple moving average of $5.51 and a 200 day simple moving average of $5.29.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.42%. Oxford Lane Capital's payout ratio is 97.03%.

Insider Buying and Selling

In related news, CEO Jonathan H. Cohen purchased 4,630,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $5.40 per share, with a total value of $25,002,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,864,728 shares in the company, valued at approximately $26,269,531.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Jonathan H. Cohen acquired 4,630,000 shares of Oxford Lane Capital stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $5.40 per share, for a total transaction of $25,002,000.00. Following the completion of the transaction, the chief executive officer now directly owns 4,864,728 shares in the company, valued at $26,269,531.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Saul B. Rosenthal acquired 2,315,000 shares of Oxford Lane Capital stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $5.40 per share, with a total value of $12,501,000.00. Following the transaction, the president now owns 2,514,887 shares of the company's stock, valued at $13,580,389.80. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On Oxford Lane Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of Oxford Lane Capital during the 2nd quarter valued at approximately $89,000. J.W. Cole Advisors Inc. lifted its position in shares of Oxford Lane Capital by 174.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 145,964 shares of the investment management company's stock valued at $791,000 after acquiring an additional 92,741 shares during the period. Wedbush Securities Inc. lifted its position in shares of Oxford Lane Capital by 36.4% during the 2nd quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company's stock valued at $5,508,000 after acquiring an additional 271,369 shares during the period. PFG Investments LLC lifted its position in shares of Oxford Lane Capital by 198.2% during the 2nd quarter. PFG Investments LLC now owns 45,066 shares of the investment management company's stock valued at $244,000 after acquiring an additional 29,954 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of Oxford Lane Capital by 7.7% during the 2nd quarter. Private Advisor Group LLC now owns 132,305 shares of the investment management company's stock valued at $717,000 after acquiring an additional 9,434 shares during the period. 6.74% of the stock is currently owned by institutional investors and hedge funds.

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.