OHA Investment (OHAI) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of OHA Investment (NASDAQ:OHAI) from a hold rating to a buy rating in a report issued on Friday.
OHA Investment (NASDAQ:OHAI) remained flat at $$1.12 during trading on Friday. The company had a trading volume of 51,851 shares, compared to its average volume of 43,157. The stock has a market cap of $22.59, a price-to-earnings ratio of 9.33 and a beta of 1.12. OHA Investment has a 1-year low of $0.85 and a 1-year high of $2.84.
A number of institutional investors have recently bought and sold shares of OHAI. Deltec Asset Management LLC grew its position 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 buying an additional 96,796 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its stake in OHA Investment by 1.5% in the 2nd 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. boosted its stake in OHA Investment by 4.5% in the 3rd 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. Hedge funds and other institutional investors own 26.78% of the company’s stock.
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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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