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

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,290,000 shares, a drop of 16.7% from the February 13th total of 3,950,000 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,181,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. Oppenheimer & Co. Inc. bought a new position in Oxford Lane Capital during the third quarter worth about $625,000. Moors & Cabot Inc. bought a new position in Oxford Lane Capital during the third quarter worth about $121,000. Dynamic Technology Lab Private Ltd lifted its stake in Oxford Lane Capital by 37.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 26,724 shares of the investment management company's stock worth $140,000 after purchasing an additional 7,248 shares during the period. D.A. Davidson & CO. lifted its stake in Oxford Lane Capital by 16.5% during the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company's stock worth $143,000 after purchasing an additional 3,865 shares during the period. Finally, National Wealth Management Group LLC bought a new position in Oxford Lane Capital during the third quarter worth about $54,000. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC traded up $0.21 during mid-day trading on Friday, hitting $4.57. The company had a trading volume of 8,612,258 shares, compared to its average volume of 4,685,043. The business's 50-day simple moving average is $5.00 and its 200-day simple moving average is $5.15. Oxford Lane Capital has a 12 month low of $4.01 and a 12 month high of $5.78. The firm has a market cap of $1.58 billion, a P/E ratio of 5.51 and a beta of 1.17.

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Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital's dividend payout ratio is 127.71%.

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.