Kennedy Capital Management Inc. bought a new stake in shares of OHA Investment Corp (NASDAQ:OHAI) during the fourth quarter, HoldingsChannel reports. The fund bought 165,894 shares of the financial services provider’s stock, valued at approximately $191,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of OHA Investment 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 buying an additional 83,671 shares during the last quarter. B. Riley Financial Inc. bought a new position in shares of OHA Investment during the fourth quarter valued at approximately $173,000. Finally, TCW Group Inc. grew its stake in shares of OHA Investment by 4.5% during the third quarter. TCW Group Inc. now owns 1,307,730 shares of the financial services provider’s stock valued at $1,622,000 after buying an additional 56,184 shares during the last quarter. 28.84% of the stock is currently owned by hedge funds and other institutional investors.
OHA Investment Corp (OHAI) opened at $1.27 on Friday. The company has a market capitalization of $26.43, a P/E ratio of 10.92 and a beta of 0.94. OHA Investment Corp has a 52 week low of $0.85 and a 52 week high of $1.68.
Separately, ValuEngine raised OHA Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
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OHA Investment 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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