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

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 2,420,000 shares, a growth of 28.0% from the September 30th total of 1,890,000 shares. Based on an average daily trading volume, of 4,070,700 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Oxford Lane Capital

A number of institutional investors and hedge funds have recently bought and sold shares of OXLC. Park Avenue Securities LLC increased its stake in shares of Oxford Lane Capital by 88.2% in the first quarter. Park Avenue Securities LLC now owns 37,579 shares of the investment management company's stock valued at $191,000 after buying an additional 17,608 shares during the period. Hartline Investment Corp acquired a new position in shares of Oxford Lane Capital during the first quarter worth $74,000. J.W. Cole Advisors Inc. grew its stake in shares of Oxford Lane Capital by 66.6% in the first quarter. J.W. Cole Advisors Inc. now owns 53,223 shares of the investment management company's stock worth $270,000 after purchasing an additional 21,272 shares during the last quarter. Private Advisor Group LLC increased its holdings in Oxford Lane Capital by 8.2% in the first quarter. Private Advisor Group LLC now owns 122,871 shares of the investment management company's stock valued at $624,000 after purchasing an additional 9,299 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Oxford Lane Capital by 25.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 165,850 shares of the investment management company's stock worth $843,000 after purchasing an additional 33,250 shares during the last quarter. Institutional investors and hedge funds own 6.74% of the company's stock.

Oxford Lane Capital Trading Down 0.4 %

Oxford Lane Capital stock traded down $0.02 during midday trading on Monday, reaching $5.24. The company's stock had a trading volume of 2,185,420 shares, compared to its average volume of 3,248,492. The stock has a market cap of $1.25 billion, a PE ratio of 5.19 and a beta of 1.15. Oxford Lane Capital has a 52 week low of $4.41 and a 52 week high of $5.78. The business has a 50-day moving average price of $5.27 and a 200-day moving average price of $5.34.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The investment management company reported $0.41 EPS for the quarter. The company had revenue of $89.80 million during the quarter.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 20.73%. Oxford Lane Capital's dividend payout ratio is currently 100.00%.

Oxford Lane Capital Company Profile

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.