Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Down 16.7% in February

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,290,000 shares, a decline of 16.7% from the February 13th total of 3,950,000 shares. Based on an average daily trading volume, of 6,181,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.0% of the company’s shares are sold short.

Oxford Lane Capital Trading Down 4.2 %

OXLC traded down $0.19 during mid-day trading on Wednesday, hitting $4.30. 32,064,885 shares of the stock were exchanged, compared to its average volume of 4,618,211. The firm’s fifty day moving average is $5.04 and its two-hundred day moving average is $5.17. Oxford Lane Capital has a 1-year low of $4.03 and a 1-year high of $5.78. The company has a market cap of $1.49 billion, a PE ratio of 5.18 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is 126.51%.

Institutional Trading of Oxford Lane Capital

Several hedge funds have recently modified their holdings of OXLC. Rockefeller Capital Management L.P. acquired a new position in Oxford Lane Capital during the 3rd quarter worth $777,000. Border to Coast Pensions Partnership Ltd grew its position in shares of Oxford Lane Capital by 31.7% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 1,850,000 shares of the investment management company’s stock worth $9,373,000 after buying an additional 445,000 shares in the last quarter. Realta Investment Advisors increased its stake in shares of Oxford Lane Capital by 15.9% during the fourth quarter. Realta Investment Advisors now owns 1,030,232 shares of the investment management company’s stock worth $5,254,000 after buying an additional 141,536 shares during the period. Apollon Wealth Management LLC acquired a new stake in Oxford Lane Capital in the fourth quarter valued at approximately $290,000. Finally, J.W. Cole Advisors Inc. lifted its stake in Oxford Lane Capital by 25.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 286,260 shares of the investment management company’s stock worth $1,451,000 after acquiring an additional 57,865 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors and hedge funds.

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.