OHA Investment Corporation (OHAI) Posts Earnings Results
OHA Investment Corporation (NASDAQ:OHAI) released its earnings results on Thursday. The financial services provider reported $0.01 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $2.48 million during the quarter. OHA Investment Corporation had a positive return on equity of 5.76% and a negative net margin of 216.47%.
OHA Investment Corporation (NASDAQ:OHAI) traded down 2.54% during midday trading on Friday, reaching $1.15. The company had a trading volume of 16,837 shares. OHA Investment Corporation has a 12-month low of $1.15 and a 12-month high of $3.33. The stock has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.51.
A hedge fund recently raised its stake in OHA Investment Corporation stock. Uniplan Investment Counsel Inc. raised its position in OHA Investment Corporation (NASDAQ:OHAI) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 745,674 shares of the financial services provider’s stock after buying an additional 10,713 shares during the period. Uniplan Investment Counsel Inc.’s holdings in OHA Investment Corporation were worth $947,000 as of its most recent filing with the SEC. Institutional investors own 35.35% of the company’s stock.
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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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