Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,095 shares, a decrease of 42.1% from the June 15th total of 13,985 shares. Based on an average daily trading volume, of 3,669 shares, the days-to-cover ratio is presently 2.2 days.
Oxford Lane Capital Trading Up 0.2%
Shares of Oxford Lane Capital stock traded up $0.04 during trading hours on Thursday, reaching $25.52. 1,078 shares of the stock traded hands, compared to its average volume of 6,397. The company has a 50 day moving average price of $25.65 and a 200 day moving average price of $25.62. Oxford Lane Capital has a one year low of $25.10 and a one year high of $26.25.
Oxford Lane Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.5469 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.6%.
Institutional Inflows and Outflows
Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.
Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.
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