OHA Investment Corporation (OHAI) Position Trimmed by Deltec Asset Management LLC
Deltec Asset Management LLC decreased its holdings in shares of OHA Investment Corporation (NASDAQ:OHAI) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,592 shares of the financial services provider’s stock after selling 96,796 shares during the quarter. Deltec Asset Management LLC’s holdings in OHA Investment were worth $223,000 at the end of the most recent quarter.
Separately, TCW Group Inc. boosted its stake in OHA Investment by 4.5% during the 3rd quarter. TCW Group Inc. now owns 1,307,730 shares of the financial services provider’s stock valued at $1,622,000 after purchasing an additional 56,184 shares during the period. 26.62% of the stock is currently owned by institutional investors.
Shares of OHA Investment Corporation (OHAI) opened at $1.21 on Tuesday. OHA Investment Corporation has a 52 week low of $0.85 and a 52 week high of $1.95. The firm has a market capitalization of $24.28, a P/E ratio of -0.56 and a beta of 1.11.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Sunday, December 31st were given a $0.02 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 6.61%. OHA Investment’s dividend payout ratio is currently -3.72%.
Separately, ValuEngine upgraded OHA Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
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About OHA Investment
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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