Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 12,360,000 shares, an increase of 26.8% from the April 30th total of 9,750,000 shares. Approximately 3.6% of the company's stock are sold short. Based on an average trading volume of 7,187,800 shares, the short-interest ratio is currently 1.7 days.
Oxford Lane Capital Stock Up 0.9%
Shares of NASDAQ OXLC traded up $0.04 during trading on Friday, reaching $4.49. The company had a trading volume of 4,528,392 shares, compared to its average volume of 5,337,643. Oxford Lane Capital has a 12-month low of $3.91 and a 12-month high of $5.78. The stock has a market cap of $2.03 billion, a PE ratio of 5.41 and a beta of 0.81. The business's 50-day moving average is $4.57 and its 200 day moving average is $4.88.
Oxford Lane Capital Dividend Announcement
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.09 dividend. The ex-dividend date was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's dividend payout ratio is currently 130.12%.
Institutional Investors Weigh In On Oxford Lane Capital
A number of institutional investors have recently modified their holdings of OXLC. Janney Montgomery Scott LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth $148,000. Choreo LLC purchased a new stake in shares of Oxford Lane Capital during the fourth quarter valued at $51,000. Realta Investment Advisors boosted its position 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 valued at $5,254,000 after buying an additional 141,536 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Oxford Lane Capital during the fourth quarter valued at $290,000. Finally, Empowered Funds LLC purchased a new stake in shares of Oxford Lane Capital during the fourth quarter valued at $127,000. 6.74% of the stock is owned by hedge funds and other institutional investors.
About Oxford Lane Capital
(
Get Free Report)
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.
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