Oxford Lane Capital Corp. (NASDAQ:OXLC) sees significant growth in short-term interest

Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Rating) experienced a significant increase in short-term interest in the month of June. As of June 15, there was short interest totaling 4,160,000 shares, an increase of 28.8% from the May 31 total of 3,230,000 shares. Based on an average daily trading volume of 1,342,400 shares, the day-to-cover ratio is currently 3.1 days.

OXLC stock traded down $0.02 at midday on Friday, hitting $5.70. 1,650,720 shares of the company were traded, against an average volume of 1,479,554. Oxford Lane Capital has a 12-month low of $5.49 and a 12-month high of $8.53. The company has a fifty-day simple moving average of $6.37 and a 200-day simple moving average of $7.14.

Oxford Lane Capital (NASDAQ:OXLC – Get Rating) last reported quarterly earnings data on Friday, May 6. The investment management firm reported earnings per share of $0.43 for the quarter, beating consensus analyst estimates of $0.30 by $0.13. The company posted revenue of $55.10 million in the quarter, versus analyst estimates of $64.80 million.

The company also recently announced a monthly dividend, which will be paid on Friday, September 30. Investors of record on Friday, September 16 will receive a dividend of $0.075. This represents a dividend of $0.90 on an annualized basis and a dividend yield of 15.79%. The ex-dividend date is Thursday, September 15.

Hedge funds have recently changed their positions in the stock. Claybrook Capital LLC increased its holdings of Oxford Lane Capital shares by 98.2% in the fourth quarter. Claybrook Capital LLC now owns 20,816 shares of the investment management firm valued at $160,000 after buying an additional 10,316 shares last quarter. Wedbush Securities Inc. increased its holdings of Oxford Lane Capital shares by 85.4% in the first quarter. Wedbush Securities Inc. now owns 136,330 shares of the investment management company valued at $987,000 after purchasing an additional 62,801 shares in the last quarter. Kestra Advisory Services LLC increased its holdings of Oxford Lane Capital shares by 30.3% in the fourth quarter. Kestra Advisory Services LLC now owns 28,716 shares of the investment management company valued at $221,000 after purchasing an additional 6,686 shares in the last quarter. Capasso Planning Partners LLC acquired a new stock position in Oxford Lane Capital in the fourth quarter worth approximately $116,000. Finally, Commonwealth Equity Services LLC increased its holdings of Oxford Lane Capital shares by 7.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 282,898 shares of the investment management firm valued at $2,181,000 after buying an additional 19,861 shares last quarter.

Oxford Lane Capital Company Profile (Get an assessment)

Oxford Lane Capital Corp. is a closed-end fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund invests primarily in securitization vehicles which in turn invest in senior secured loans to companies whose debt is rated below investment grade or unrated.

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