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

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,120,000 shares, a decline 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 presently 0.8 days.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of Oxford Lane Capital during the 3rd quarter valued at about $7,341,000. Realta Investment Advisors grew its stake in shares of Oxford Lane Capital by 244.8% in the 3rd quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock valued at $4,701,000 after purchasing an additional 630,942 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Oxford Lane Capital by 198.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock worth $2,680,000 after buying an additional 328,553 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Oxford Lane Capital during the 2nd quarter worth approximately $1,708,000. Finally, TrueMark Investments LLC acquired a new stake in Oxford Lane Capital in the 2nd quarter valued at $1,643,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Trading Down 0.2 %

Shares of OXLC stock opened at $5.24 on Friday. Oxford Lane Capital has a 12 month low of $4.82 and a 12 month high of $5.78. The company has a market capitalization of $1.81 billion, a P/E ratio of 3.74 and a beta of 1.15. The stock has a 50 day moving average of $5.27 and a two-hundred day moving average of $5.36.

Oxford Lane Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend 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

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.