Favorable Media Coverage Somewhat Unlikely to Impact OHA Investment Corporation (OHAI) Stock Price
News coverage about OHA Investment Corporation (NASDAQ:OHAI) has trended positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OHA Investment Corporation earned a media sentiment score of 0.36 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 44.6390635921497 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, ValuEngine upgraded shares of OHA Investment Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
Shares of OHA Investment Corporation (NASDAQ OHAI) opened at 1.29 on Monday. The company has a 50-day moving average of $1.10 and a 200-day moving average of $1.31. OHA Investment Corporation has a 1-year low of $0.85 and a 1-year high of $3.33.
OHA Investment Corporation (NASDAQ:OHAI) last issued its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.01 earnings per share for the quarter. OHA Investment Corporation had a positive return on equity of 5.03% and a negative net margin of 285.10%. The firm had revenue of $2.48 million during the quarter. On average, equities research analysts expect that OHA Investment Corporation will post $0.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Investors of record on Saturday, September 30th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Thursday, September 28th. OHA Investment Corporation’s dividend payout ratio is presently -4.26%.
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About OHA Investment Corporation
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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