Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 7,730,000 shares, an increase of 135.0% from the February 28th total of 3,290,000 shares. Based on an average trading volume of 6,881,700 shares, the short-interest ratio is currently 1.1 days. Approximately 2.2% of the company's stock are sold short.
Institutional Trading of Oxford Lane Capital
Several institutional investors have recently made changes to their positions in the company. SWAN Capital LLC bought a new stake in Oxford Lane Capital in the 4th quarter worth about $30,000. Waverly Advisors LLC bought a new position in shares of Oxford Lane Capital in the fourth quarter valued at approximately $75,000. CoreCap Advisors LLC increased its position in shares of Oxford Lane Capital by 91.3% during the fourth quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company's stock valued at $235,000 after acquiring an additional 22,090 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Oxford Lane Capital by 62.0% during the fourth quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company's stock worth $112,000 after acquiring an additional 8,446 shares during the period. Finally, Citadel Advisors LLC boosted its position in Oxford Lane Capital by 333.5% in the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock worth $4,874,000 after purchasing an additional 739,506 shares during the last quarter. Institutional investors own 6.74% of the company's stock.
Oxford Lane Capital Trading Up 1.5 %
NASDAQ OXLC traded up $0.07 during trading hours on Monday, hitting $4.72. The company's stock had a trading volume of 5,376,468 shares, compared to its average volume of 4,721,470. The company has a market capitalization of $1.63 billion, a PE ratio of 5.69 and a beta of 1.17. Oxford Lane Capital has a 52 week low of $4.01 and a 52 week high of $5.78. The company's 50-day simple moving average is $4.95 and its two-hundred day simple moving average is $5.12.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its quarterly earnings data 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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 22.88%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital's dividend payout ratio is 127.71%.
About Oxford Lane Capital
(
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.
Further Reading
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