Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Down 23.2% in March

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 5,940,000 shares, a decline of 23.2% from the March 15th total of 7,730,000 shares. Based on an average trading volume of 7,340,500 shares, the short-interest ratio is presently 0.8 days. Approximately 1.7% of the company's stock are short sold.

Oxford Lane Capital Stock Up 2.3 %

Shares of OXLC traded up $0.10 during mid-day trading on Wednesday, hitting $4.48. 3,127,558 shares of the company's stock were exchanged, compared to its average volume of 5,092,118. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 5.40 and a beta of 0.84. The firm has a fifty day moving average of $4.71 and a two-hundred day moving average of $5.03. Oxford Lane Capital has a twelve month low of $3.91 and a twelve month high of $5.78.

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

Oxford Lane Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital's dividend payout ratio (DPR) is currently 128.92%.

Hedge Funds Weigh In On Oxford Lane Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OXLC. SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital during the 4th quarter worth $30,000. Insigneo Advisory Services LLC acquired a new position in Oxford Lane Capital during the 1st quarter worth $47,000. Cornell Pochily Investment Advisors Inc. bought a new stake in Oxford Lane Capital during the first quarter valued at about $48,000. Lewis Asset Management LLC acquired a new stake in shares of Oxford Lane Capital in the fourth quarter valued at about $51,000. Finally, Walkner Condon Financial Advisors LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 6.74% of the company's stock.

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.