NGP Capital Resources (OHAI) Stock Rating Lowered by ValuEngine

NGP Capital Resources (NASDAQ:OHAI) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Shares of NASDAQ OHAI opened at $1.41 on Friday. NGP Capital Resources has a 52 week low of $0.85 and a 52 week high of $1.68. The company has a market cap of $28.85, a P/E ratio of 23.83 and a beta of 0.81.

NGP Capital Resources (NASDAQ:OHAI) last issued its quarterly earnings results on Monday, March 26th. The financial services provider reported $0.02 EPS for the quarter. NGP Capital Resources had a positive return on equity of 1.94% and a negative net margin of 302.84%. The firm had revenue of $2.59 million during the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in NGP Capital Resources by 417.6% during the fourth quarter. Wells Fargo & Company MN now owns 103,705 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 83,671 shares during the last quarter. B. Riley Financial Inc. acquired a new position in NGP Capital Resources during the fourth quarter valued at approximately $173,000. Finally, Kennedy Capital Management Inc. acquired a new position in NGP Capital Resources during the fourth quarter valued at approximately $191,000. 28.53% of the stock is owned by hedge funds and other institutional investors.

NGP Capital Resources Company 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for NGP Capital Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NGP Capital Resources and related companies with's FREE daily email newsletter.

Leave a Reply