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

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 3,120,000 shares, a decrease 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 days-to-cover ratio is presently 0.8 days.

Oxford Lane Capital Stock Performance

OXLC stock opened at $5.24 on Monday. The firm has a fifty day moving average price of $5.27 and a 200 day moving average price of $5.36. Oxford Lane Capital has a fifty-two week low of $4.82 and a fifty-two week high of $5.78. The firm has a market cap of $1.81 billion, a PE ratio of 3.74 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 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 presently 72.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Border to Coast Pensions Partnership Ltd bought a new position in Oxford Lane Capital during the third quarter valued at $7,341,000. Realta Investment Advisors lifted its stake in Oxford Lane Capital by 244.8% in the third quarter. Realta Investment Advisors now owns 888,696 shares of the investment management company’s stock worth $4,701,000 after acquiring 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 valued at $2,680,000 after purchasing an additional 328,553 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Oxford Lane Capital in the 2nd quarter valued at about $1,708,000. Finally, TrueMark Investments LLC purchased a new stake in shares of Oxford Lane Capital in the 2nd quarter worth approximately $1,643,000. Institutional investors own 6.74% of the company’s stock.

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.