ValuEngine upgraded shares of OHA Investment (NASDAQ:OHAI) from a hold rating to a buy rating in a research report report published on Friday.
Shares of OHA Investment (OHAI) traded up $0.03 during midday trading on Friday, hitting $1.15. The stock had a trading volume of 117,500 shares, compared to its average volume of 82,374. The company has a market capitalization of $23.20, a price-to-earnings ratio of 9.33 and a beta of 1.10. OHA Investment has a one year low of $0.85 and a one year high of $2.83.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Deltec Asset Management LLC increased its stake in shares of OHA Investment by 50.0% during the third quarter. Deltec Asset Management LLC now owns 290,388 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 96,796 shares during the period. Uniplan Investment Counsel Inc. increased its stake in shares of OHA Investment by 1.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 745,674 shares of the financial services provider’s stock worth $947,000 after purchasing an additional 10,713 shares during the period. Finally, TCW Group Inc. increased its stake in shares of OHA Investment by 4.5% during the third quarter. TCW Group Inc. now owns 1,307,730 shares of the financial services provider’s stock worth $1,622,000 after purchasing an additional 56,184 shares during the period. Institutional investors own 26.78% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/12/05/oha-investment-ohai-upgraded-to-buy-by-valuengine.html.
About OHA Investment
OHA Investment Corporation is a specialty finance company. The Company focuses primarily on providing direct lending solutions to middle market private companies across industry sectors. The Company’s investment portfolio includes debt securities and other investments in upstream exploration and production companies engaged in the acquisition, development and production of oil and natural gas properties in and along the Gulf Coast, in the state and federal waters of the Gulf of Mexico, and in the Permian Basin, Mid-Continent and Rocky Mountain areas.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for OHA Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OHA Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.