ValuEngine upgraded shares of OHA Investment (NASDAQ:OHAI) from a hold rating to a buy rating in a research note issued to investors on Friday morning.
OHA Investment (NASDAQ:OHAI) remained flat at $$1.12 on Friday. The company’s stock had a trading volume of 51,800 shares, compared to its average volume of 82,222. The company has a market capitalization of $22.59, a price-to-earnings ratio of 9.33 and a beta of 1.10. OHA Investment has a 12-month low of $0.85 and a 12-month high of $2.84.
A number of institutional investors and hedge funds have recently bought and sold shares of OHAI. Deltec Asset Management LLC raised its holdings in OHA Investment by 50.0% in 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. TCW Group Inc. raised its holdings in OHA Investment by 4.5% in 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. Finally, Uniplan Investment Counsel Inc. raised its holdings in OHA Investment by 1.5% in 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. Institutional investors own 26.78% of the company’s stock.
OHA Investment Company Profile
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.
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