Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,120,000 shares, a decrease of 16.8% from the November 15th total of 3,750,000 shares. Based on an average trading volume of 3,919,400 shares, the short-interest ratio is currently 0.8 days.
Hedge Funds Weigh In On Oxford Lane Capital
A number of institutional investors have recently bought and sold shares of OXLC. Virtu Financial LLC purchased a new stake in Oxford Lane Capital in the third quarter valued at $157,000. McIlrath & Eck LLC acquired a new position in shares of Oxford Lane Capital in the 3rd quarter valued at about $55,000. Hohimer Wealth Management LLC boosted its stake in shares of Oxford Lane Capital by 118.1% in the third quarter. Hohimer Wealth Management LLC now owns 72,065 shares of the investment management company's stock worth $378,000 after buying an additional 39,027 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Oxford Lane Capital during the third quarter worth about $88,000. Finally, HighTower Advisors LLC raised its position in Oxford Lane Capital by 75.9% during the third quarter. HighTower Advisors LLC now owns 23,232 shares of the investment management company's stock valued at $121,000 after acquiring an additional 10,026 shares in the last quarter. 6.74% of the stock is owned by hedge funds and other institutional investors.
Oxford Lane Capital Stock Performance
OXLC stock traded down $0.01 during midday trading on Friday, reaching $5.24. The stock had a trading volume of 5,529,957 shares, compared to its average volume of 3,382,033. The firm has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.36. Oxford Lane Capital has a 52-week low of $4.82 and a 52-week high of $5.78. The stock has a market cap of $1.81 billion, a PE ratio of 3.74 and a beta of 1.15.
Oxford Lane Capital Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a yield of 20.61%. Oxford Lane Capital's dividend payout ratio is currently 72.86%.
Oxford Lane Capital Company Profile
(
Get Free Report)
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.
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