Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Increases By 43.2%

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,517,764 shares, a growth of 43.2% from the December 31st total of 1,060,198 shares. Based on an average trading volume of 1,194,410 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.7% of the company’s shares are sold short. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 1,194,410 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Oxford Lane Capital

Several hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. grew its stake in shares of Oxford Lane Capital by 11.1% in the 2nd quarter. Wedbush Securities Inc. now owns 1,516,297 shares of the investment management company’s stock valued at $6,368,000 after purchasing an additional 152,083 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Oxford Lane Capital by 3.4% during the second quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company’s stock valued at $2,866,000 after acquiring an additional 22,365 shares during the period. Jane Street Group LLC boosted its stake in shares of Oxford Lane Capital by 1,520.4% in the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock valued at $2,498,000 after purchasing an additional 557,996 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Oxford Lane Capital by 8.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company’s stock worth $2,433,000 after purchasing an additional 43,330 shares during the last quarter. Finally, Bulldog Investors LLP acquired a new stake in shares of Oxford Lane Capital during the 3rd quarter worth about $7,573,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Trading Down 6.0%

NASDAQ:OXLC opened at $11.39 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 2.10 and a beta of 0.70. The business’s fifty day moving average price is $14.40 and its 200 day moving average price is $15.90. Oxford Lane Capital has a 1-year low of $11.31 and a 1-year high of $25.95.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($1.01). The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 21.1%.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.