Wells Fargo & Company MN Has $1.72 Million Stake in OHA Investment Corporation (OHAI)
Wells Fargo & Company MN decreased its stake in OHA Investment Corporation (NASDAQ:OHAI) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,356,044 shares of the financial services provider’s stock after selling 3,960 shares during the period. Wells Fargo & Company MN’s holdings in OHA Investment Corporation were worth $1,722,000 at the end of the most recent quarter.
Separately, Deltec Asset Management LLC lifted its stake in OHA Investment Corporation by 38.2% in the 2nd quarter. Deltec Asset Management LLC now owns 193,592 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 53,540 shares during the last quarter. Institutional investors and hedge funds own 35.18% of the company’s stock.
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 1.17 on Friday. OHA Investment Corporation has a 52 week low of $0.85 and a 52 week high of $3.01. The company has a 50-day moving average of $1.17 and a 200 day moving average of $1.28.
OHA Investment Corporation (NASDAQ:OHAI) last posted its earnings results on Thursday, August 10th. The financial services provider reported $0.01 EPS for the quarter. The company had revenue of $2.48 million during the quarter. OHA Investment Corporation had a negative net margin of 285.10% and a positive return on equity of 5.03%. On average, equities research analysts expect that OHA Investment Corporation will post $0.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 9th. Stockholders of record on Saturday, September 30th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 6.84%. The ex-dividend date was Thursday, September 28th. OHA Investment Corporation’s payout ratio is presently -4.26%.
OHA Investment Corporation Profile
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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