Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Update
by Sarita Garza · The Markets DailyOxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 1,510,642 shares, an increase of 37.2% from the November 30th total of 1,100,816 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 1,014,456 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 1,014,456 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the company’s stock are short sold.
Institutional Trading of Oxford Lane Capital
Large investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in Oxford Lane Capital by 41.6% during the first quarter. HighTower Advisors LLC now owns 32,585 shares of the investment management company’s stock valued at $154,000 after purchasing an additional 9,572 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Oxford Lane Capital by 36.1% in the first quarter. Kestra Advisory Services LLC now owns 283,021 shares of the investment management company’s stock worth $1,336,000 after acquiring an additional 75,046 shares during the period. Vident Advisory LLC purchased a new stake in Oxford Lane Capital during the first quarter valued at $111,000. DRW Securities LLC bought a new position in Oxford Lane Capital in the first quarter valued at about $112,000. Finally, Calton & Associates Inc. purchased a new position in Oxford Lane Capital in the first quarter worth about $106,000. 6.74% of the stock is currently owned by institutional investors.
Oxford Lane Capital Stock Up 1.8%
Shares of OXLC stock traded up $0.26 during trading hours on Tuesday, hitting $14.59. 1,768,298 shares of the company’s stock traded hands, compared to its average volume of 1,331,101. Oxford Lane Capital has a 12-month low of $12.88 and a 12-month high of $25.95. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 2.10 and a beta of 0.72. The stock’s fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $17.01.
Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) last released its earnings results on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing the consensus estimate of $2.25 by ($1.01). The business had revenue of $128.30 million during the quarter, compared to analyst estimates of $247.87 million.
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 32.9%.
Oxford Lane Capital Company Profile
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.