Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Update

Key Points

• Oxford Lane Capital Corp. experienced an 85.1% decline in short interest during August, dropping to 732,100 shares, which represents approximately 0.8% of the company's total shares.
• The company announced a monthly dividend of $0.08 per share, with an annualized dividend yield of 5.4%, to be paid on December 31st to shareholders of record on December 17th.
• As of the latest trading session, Oxford Lane Capital's stock price rose 1.1% to $17.72, with a market capitalization of $1.71 billion and a PE ratio of 21.35.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 732,100 shares, a drop of 85.1% from the August 15th total of 4,900,000 shares. Based on an average daily volume of 1,480,900 shares, the short-interest ratio is presently 0.5 days. Approximately 0.8% of the company's shares are sold short. Approximately 0.8% of the company's shares are sold short. Based on an average daily volume of 1,480,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Oxford Lane Capital

Several hedge funds and other institutional investors have recently made changes to their positions in OXLC. Stifel Financial Corp bought a new stake in Oxford Lane Capital during the 4th quarter valued at about $54,000. Triumph Capital Management increased its stake in Oxford Lane Capital by 13.2% during the 4th quarter. Triumph Capital Management now owns 299,870 shares of the investment management company's stock valued at $1,520,000 after purchasing an additional 35,037 shares in the last quarter. Jane Street Group LLC increased its stake in Oxford Lane Capital by 905.9% during the 4th quarter. Jane Street Group LLC now owns 469,244 shares of the investment management company's stock valued at $2,379,000 after purchasing an additional 422,593 shares in the last quarter. Citadel Advisors LLC increased its stake in Oxford Lane Capital by 333.5% during the 4th quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company's stock valued at $4,874,000 after purchasing an additional 739,506 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Oxford Lane Capital by 62.0% during the 4th quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company's stock valued at $112,000 after purchasing an additional 8,446 shares in the last quarter. Hedge funds and other institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Stock Down 2.0%

Shares of NASDAQ:OXLC traded down $0.36 on Tuesday, hitting $17.37. The company had a trading volume of 1,699,224 shares, compared to its average volume of 1,376,652. The firm's 50-day simple moving average is $18.25 and its two-hundred day simple moving average is $21.10. Oxford Lane Capital has a 1 year low of $15.90 and a 1 year high of $27.44. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 4.19 and a beta of 0.78.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 5.5%. Oxford Lane Capital's dividend payout ratio is presently 130.12%.

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.