TCW Group Inc. increased its position in shares of OHA Investment Corp (NASDAQ:OHAI) by 29.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,902,085 shares of the financial services provider’s stock after buying an additional 431,688 shares during the quarter. TCW Group Inc. owned 9.43% of OHA Investment worth $2,882,000 at the end of the most recent quarter.
OHAI stock opened at $1.35 on Friday. OHA Investment Corp has a twelve month low of $1.05 and a twelve month high of $1.68. The stock has a market cap of $28.44 million, a P/E ratio of 23.50 and a beta of 0.66.
OHA Investment (NASDAQ:OHAI) last released its earnings results on Tuesday, August 14th. The financial services provider reported $0.03 earnings per share for the quarter. OHA Investment had a positive return on equity of 2.61% and a negative net margin of 42.73%. The business had revenue of $2.63 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Investors of record on Sunday, September 30th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date was Thursday, September 27th.
About OHA Investment
OHA Investment Corporation is a business development company specializing in investments in small and mid size and middle market private companies. The fund typically invests in acquisitions, buyouts, growth, development, expansion, monetizations, revitalization, restructuring, recapitalizations, and special situations.
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