Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Down 29.8% in December

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,060,198 shares, a drop of 29.8% from the December 15th total of 1,510,642 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 1,407,708 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 1,407,708 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the company’s shares are short sold.

Oxford Lane Capital Stock Down 1.7%

Oxford Lane Capital stock traded down $0.25 during mid-day trading on Friday, hitting $14.67. 1,135,827 shares of the company’s stock were exchanged, compared to its average volume of 1,199,356. The company’s 50 day simple moving average is $14.42 and its 200-day simple moving average is $16.49. The firm has a market capitalization of $1.33 billion, a P/E ratio of 2.17 and a beta of 0.70. Oxford Lane Capital has a fifty-two week low of $12.88 and a fifty-two week high of $25.95.

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

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.40 per share. This represents a c) dividend on an annualized basis and a dividend yield of 32.7%. The ex-dividend date is Tuesday, March 17th.

Institutional Trading of Oxford Lane Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OXLC. AdvisorNet Financial Inc lifted its stake in Oxford Lane Capital by 92.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,198 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 2,979 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Oxford Lane Capital in the second quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Oxford Lane Capital in the second quarter valued at approximately $32,000. WPG Advisers LLC boosted its stake in shares of Oxford Lane Capital by 87.5% during the 3rd quarter. WPG Advisers LLC now owns 2,620 shares of the investment management company’s stock worth $44,000 after acquiring an additional 1,223 shares during the period. Finally, Capital Investment Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 6.74% of the company’s stock.

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.