Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Decreases By 16.7%

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 3,290,000 shares, a decrease of 16.7% from the February 13th total of 3,950,000 shares. Currently, 1.0% of the company's stock are sold short. Based on an average trading volume of 6,181,400 shares, the days-to-cover ratio is currently 0.5 days.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock traded up $0.21 during trading hours on Friday, reaching $4.57. 8,612,258 shares of the company were exchanged, compared to its average volume of 4,673,060. The firm has a market cap of $1.58 billion, a PE ratio of 5.51 and a beta of 1.17. The stock's fifty day moving average is $5.00 and its 200 day moving average is $5.15. Oxford Lane Capital has a 1 year low of $4.01 and a 1 year high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its earnings results 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 Announces Dividend

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

Hedge Funds Weigh In On Oxford Lane Capital

Several large investors have recently bought and sold shares of OXLC. Merkkuri Wealth Advisors LLC boosted its stake in Oxford Lane Capital by 20.8% in the fourth quarter. Merkkuri Wealth Advisors LLC now owns 12,188 shares of the investment management company's stock valued at $62,000 after acquiring an additional 2,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Oxford Lane Capital by 5.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,910 shares of the investment management company's stock valued at $304,000 after acquiring an additional 3,125 shares in the last quarter. Captrust Financial Advisors boosted its stake in Oxford Lane Capital by 31.1% in the third quarter. Captrust Financial Advisors now owns 13,628 shares of the investment management company's stock valued at $71,000 after acquiring an additional 3,229 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Oxford Lane Capital by 16.5% in the third quarter. D.A. Davidson & CO. now owns 27,266 shares of the investment management company's stock valued at $143,000 after acquiring an additional 3,865 shares in the last quarter. Finally, SWAN Capital LLC acquired a new position in Oxford Lane Capital in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Company Profile

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.