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

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,420,000 shares, a growth of 28.0% from the September 30th total of 1,890,000 shares. Based on an average trading volume of 4,070,700 shares, the days-to-cover ratio is currently 0.6 days.

Oxford Lane Capital Stock Up 0.4 %

NASDAQ:OXLC traded up $0.02 during trading hours on Wednesday, reaching $5.25. 1,524,967 shares of the company’s stock were exchanged, compared to its average volume of 3,234,300. The company has a market capitalization of $1.26 billion, a P/E ratio of 5.20 and a beta of 1.15. Oxford Lane Capital has a 12 month low of $4.65 and a 12 month high of $5.78. The business’s 50-day simple moving average is $5.27 and its two-hundred day simple moving average is $5.34.

Oxford Lane Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a $0.09 dividend. This represents a dividend yield of 20.73%. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s payout ratio is 100.00%.

Institutional Investors Weigh In On Oxford Lane Capital

Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Oxford Lane Capital during the 2nd quarter valued at about $1,708,000. Wedbush Securities Inc. grew its holdings in Oxford Lane Capital by 36.4% during the second quarter. Wedbush Securities Inc. now owns 1,016,222 shares of the investment management company’s stock valued at $5,508,000 after purchasing an additional 271,369 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Oxford Lane Capital by 198.1% in the second quarter. Geneos Wealth Management Inc. now owns 494,403 shares of the investment management company’s stock worth $2,680,000 after buying an additional 328,553 shares during the last quarter. Border to Coast Pensions Partnership Ltd bought a new stake in shares of Oxford Lane Capital during the 3rd quarter worth $7,341,000. Finally, Private Advisor Group LLC raised its holdings in Oxford Lane Capital by 8.2% in the 1st quarter. Private Advisor Group LLC now owns 122,871 shares of the investment management company’s stock worth $624,000 after acquiring an additional 9,299 shares during the period. 6.74% of the stock is owned by hedge funds and other institutional investors.

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.