OHA Investment Corp (OHAI) Insider Raises Exposure

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OHA Investment Corp (NASDAQ:OHAI) saw an insider raise his position in the company today. The Director Glenn R. August acquired 14,600 shares of common stock at an average price of $6.27 per share. Following this transaction, August holds 167,734 shares directly. A $129.35 million market cap corporation, OHA Investment Corp (NASDAQ:OHAI) is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company (BDC). The Company’s objective is to generate both current income and capital appreciation primarily through debt investments with certain equity components. A focus area for its investments in the energy industry is domestic upstream businesses that produces, develops, acquires and explores for oil and natural gas (E&P) companies.
In addition, among the institutional investors involved in the company is billionaire Chuck Royce‘s Royce & Associates. After raising its holdings by 2% last quarter, the fund holds 185,034 shares worth about $1.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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