Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Up 62.6% in February

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 3,950,000 shares, a growth of 62.6% from the January 31st total of 2,430,000 shares. Based on an average daily volume of 5,418,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Oxford Lane Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. SWAN Capital LLC purchased a new position in Oxford Lane Capital during the 4th quarter valued at $30,000. Waverly Advisors LLC bought a new position in Oxford Lane Capital in the fourth quarter worth about $75,000. CoreCap Advisors LLC lifted its holdings in Oxford Lane Capital by 91.3% in the fourth quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company's stock worth $235,000 after buying an additional 22,090 shares during the period. Captrust Financial Advisors boosted its position in Oxford Lane Capital by 62.0% during the 4th quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company's stock valued at $112,000 after acquiring an additional 8,446 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock worth $4,874,000 after acquiring an additional 739,506 shares during the period. Hedge funds and other institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.02 during mid-day trading on Monday, hitting $5.05. The company's stock had a trading volume of 6,053,514 shares, compared to its average volume of 5,809,163. The business has a 50 day moving average price of $5.10 and a 200-day moving average price of $5.20. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 6.08 and a beta of 1.16.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 21.41%. Oxford Lane Capital's dividend payout ratio is currently 126.51%.

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.