ValuEngine lowered shares of OHA Investment (NASDAQ:OHAI) from a hold rating to a sell rating in a research report report published on Thursday morning, ValuEngine reports.
Shares of OHAI traded up $0.06 during mid-day trading on Thursday, reaching $1.31. 236,313 shares of the company’s stock were exchanged, compared to its average volume of 39,165. The stock has a market cap of $25.22 million, a PE ratio of 41.67 and a beta of 0.95. The stock’s fifty day simple moving average is $1.12. OHA Investment has a 52-week low of $0.85 and a 52-week high of $1.59.
OHA Investment (NASDAQ:OHAI) last announced its earnings results on Tuesday, May 14th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $1.53 million for the quarter. OHA Investment had a positive return on equity of 1.50% and a negative net margin of 135.25%.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 28th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Thursday, June 27th.
An institutional investor recently raised its position in OHA Investment stock. Callodine Capital Management LP increased its stake in shares of OHA Investment Corp (NASDAQ:OHAI) by 46.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,482,676 shares of the financial services provider’s stock after purchasing an additional 472,676 shares during the quarter. OHA Investment accounts for approximately 0.9% of Callodine Capital Management LP’s holdings, making the stock its 25th biggest position. Callodine Capital Management LP owned approximately 7.35% of OHA Investment worth $1,779,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.20% of the company’s stock.
OHA Investment Company Profile
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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