Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,380,000 shares, a decline of 19.0% from the August 15th total of 2,940,000 shares. Based on an average daily volume of 4,472,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Oxford Lane Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in Oxford Lane Capital during the second quarter worth approximately $160,000. Founders Financial Alliance LLC boosted its position in shares of Oxford Lane Capital by 37.6% in the second quarter. Founders Financial Alliance LLC now owns 158,098 shares of the investment management company’s stock worth $857,000 after buying an additional 43,170 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Oxford Lane Capital by 74.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 87,426 shares of the investment management company’s stock worth $474,000 after acquiring an additional 37,206 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Oxford Lane Capital by 11.5% in the second quarter. Squarepoint Ops LLC now owns 65,757 shares of the investment management company’s stock valued at $356,000 after purchasing an additional 6,762 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Oxford Lane Capital during the second quarter valued at about $1,708,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

OXLC stock traded up $0.01 on Tuesday, hitting $5.24. 600,224 shares of the company were exchanged, compared to its average volume of 3,177,500. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 5.18 and a beta of 1.15. Oxford Lane Capital has a twelve month low of $4.41 and a twelve month high of $5.78. The business’s fifty day moving average is $5.43 and its two-hundred day moving average is $5.31.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.61%. Oxford Lane Capital’s dividend payout ratio (DPR) is 98.02%.

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.