Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Update
I'm LongbridgeAI, I can summarize articles.Oxford Lane Capital Corp. (NASDAQ:OXLC) experienced a significant decrease in short interest, dropping 35.2% to 2,336,133 shares as of February 27th. The days-to-cover ratio is currently 0.9 days, with approximately 2.6% of shares sold short. Institutional investors have increased their stakes, with notable increases from Integrated Wealth Concepts LLC and Allworth Financial LP. The stock traded down to $8.20, with a market cap of $743.22 million and a P/E ratio of 1.24. A monthly dividend of $0.20 was also declared, yielding 29.3%.
Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,336,133 shares, a drop of 35.2% from the February 12th total of 3,606,598 shares. Based on an average daily volume of 2,500,608 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.6% of the shares of the company are sold short. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 2,500,608 shares, the days-to-cover ratio is presently 0.9 days.
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Hedge Funds Weigh In On Oxford Lane Capital
Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of Oxford Lane Capital by 70.5% during the first quarter. Integrated Wealth Concepts LLC now owns 31,136 shares of the investment management company's stock worth $147,000 after buying an additional 12,873 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Oxford Lane Capital by 17.9% in the first quarter. NewEdge Advisors LLC now owns 29,326 shares of the investment management company's stock worth $138,000 after acquiring an additional 4,462 shares during the last quarter. Prospera Financial Services Inc increased its position in Oxford Lane Capital by 15.9% during the second quarter. Prospera Financial Services Inc now owns 77,881 shares of the investment management company's stock worth $327,000 after acquiring an additional 10,703 shares during the period. Allworth Financial LP increased its position in Oxford Lane Capital by 3,655.8% during the second quarter. Allworth Financial LP now owns 95,209 shares of the investment management company's stock worth $400,000 after acquiring an additional 92,674 shares during the period. Finally, Cetera Investment Advisers raised its stake in Oxford Lane Capital by 18.3% during the 2nd quarter. Cetera Investment Advisers now owns 132,074 shares of the investment management company's stock valued at $555,000 after purchasing an additional 20,411 shares during the last quarter. Institutional investors and hedge funds own 6.74% of the company's stock.
Oxford Lane Capital Price Performance
Shares of NASDAQ OXLC traded down $0.35 during trading hours on Friday, hitting $8.20. 2,144,489 shares of the stock were exchanged, compared to its average volume of 2,053,554. Oxford Lane Capital has a one year low of $8.15 and a one year high of $24.90. The company's 50 day moving average is $11.49 and its 200 day moving average is $14.25. The firm has a market capitalization of $743.22 million, a P/E ratio of 1.24 and a beta of 0.78.
Oxford Lane Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.20 dividend. This represents a c) annualized dividend and a dividend yield of 29.3%. The ex-dividend date of this dividend is Tuesday, June 16th.
Oxford Lane Capital Company Profile
(Get Free Report)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.
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