OHA Investment (NASDAQ:OHAI) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of OHA Investment (NASDAQ:OHAI) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

OHAI opened at $1.31 on Thursday. The company has a market capitalization of $25.22 million, a PE ratio of 41.67 and a beta of 0.95. The company’s 50 day simple moving average is $1.12. OHA Investment has a one year low of $0.85 and a one year high of $1.59.

OHA Investment (NASDAQ:OHAI) last released its earnings results on Tuesday, May 14th. The financial services provider reported ($0.01) EPS for the quarter. The business had revenue of $1.53 million for the quarter. OHA Investment had a negative net margin of 135.25% and a positive return on equity of 1.50%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Friday, June 28th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 6.09%.

A hedge fund recently raised its stake in OHA Investment stock. Callodine Capital Management LP increased its position in OHA Investment Corp (NASDAQ:OHAI) by 46.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,482,676 shares of the financial services provider’s stock after purchasing an additional 472,676 shares during the quarter. OHA Investment makes up about 0.9% of Callodine Capital Management LP’s portfolio, making the stock its 25th biggest position. Callodine Capital Management LP owned approximately 7.35% of OHA Investment worth $1,779,000 at the end of the most recent reporting period. Institutional investors own 39.20% of the company’s stock.

About OHA Investment

OHA Investment Corporation is a business development company specializing in investments in small and mid size and middle market private companies. The fund typically invests in acquisitions, buyouts, growth, development, expansion, monetizations, revitalization, restructuring, recapitalizations, and special situations.

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