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

Key Points

• Short interest jumped 41.4% in March to 3,303,396 shares (about 3.6% of shares outstanding) with a days-to-cover of 1.6 based on average daily volume.
• Notable institutional activity: Barclays initiated a roughly $24.3 million position and North Ground Capital boosted its stake to 1,032,585 shares (a 144.6% increase), while institutions now own about 6.74% of the stock.
• Oxford Lane announced a monthly dividend of $0.20 (ex-dividend June 16, payable June 30), implying an annualized yield of 25.5%.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 3,303,396 shares, a growth of 41.4% from the February 26th total of 2,336,133 shares. Based on an average daily volume of 2,044,338 shares, the days-to-cover ratio is currently 1.6 days. Approximately 3.6% of the shares of the stock are sold short.

Institutional Trading of Oxford Lane Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $24,253,000. North Ground Capital increased its holdings in shares of Oxford Lane Capital by 144.6% in the fourth quarter. North Ground Capital now owns 1,032,585 shares of the investment management company's stock worth $15,117,000 after purchasing an additional 610,363 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Oxford Lane Capital by 3.4% in the second quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company's stock worth $2,866,000 after buying an additional 22,365 shares in the last quarter. Jane Street Group LLC boosted its stake in Oxford Lane Capital by 1,520.4% during the second quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company's stock valued at $2,498,000 after buying an additional 557,996 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Oxford Lane Capital by 8.1% during the second quarter. Geneos Wealth Management Inc. now owns 579,347 shares of the investment management company's stock valued at $2,433,000 after buying an additional 43,330 shares during the last quarter. 6.74% of the stock is currently owned by institutional investors.

Oxford Lane Capital Trading Up 0.6%

OXLC traded up $0.06 on Friday, hitting $9.42. 2,758,798 shares of the company's stock traded hands, compared to its average volume of 1,998,024. The company's 50 day simple moving average is $10.28 and its 200-day simple moving average is $13.58. Oxford Lane Capital has a one year low of $8.01 and a one year high of $24.90. The firm has a market cap of $853.80 million, a price-to-earnings ratio of 1.30 and a beta of 0.78.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.20 dividend. This represents a c) annualized dividend and a dividend yield of 25.5%. The ex-dividend date of this dividend is Tuesday, June 16th.

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.

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