OHA Investment (NASDAQ:OHAI) Releases Earnings Results

OHA Investment (NASDAQ:OHAI) released its quarterly earnings results on Monday. The financial services provider reported ($0.02) earnings per share for the quarter, Morningstar.com reports. The business had revenue of $1.52 million for the quarter. OHA Investment had a negative net margin of 135.25% and a positive return on equity of 1.50%.

OHAI traded up $0.03 during trading on Tuesday, hitting $1.30. The stock had a trading volume of 6,800 shares, compared to its average volume of 65,746. The stock has a market capitalization of $25.62 million, a price-to-earnings ratio of 42.33 and a beta of 0.95. OHA Investment has a 12 month low of $0.85 and a 12 month high of $1.59. The company has a 50 day simple moving average of $1.15.

Separately, ValuEngine downgraded shares of OHA Investment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

A hedge fund recently raised its stake in OHA Investment stock. Southside Capital LLC increased its position in OHA Investment Corp (NASDAQ:OHAI) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519,699 shares of the financial services provider’s stock after acquiring an additional 55,495 shares during the quarter. Southside Capital LLC owned about 2.58% of OHA Investment worth $570,000 at the end of the most recent quarter. 39.12% of the stock is currently owned by institutional investors.

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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Earnings History for OHA Investment (NASDAQ:OHAI)

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