OHA Investment: New Low Price
At 12:39 p.m. on Monday March 20, 2017 OHA Investment’s (OHAI) stock price dropped to $1.50, a new all-time low. This follows a big drop in Net Asset Value and a two-thirds cut to the distribution which was reported on March 14th, when the stock price was around $1.80. The price drop to date has been (17%).
The BDC Reporter undertook an investment-by-investment analysis shortly after OHAI’s filing was released, and discussed possible outcomes. Since then there has been no official news about the BDC (see website) . We have no new information or insights, but thought it useful to point out to our readers who don’t follow BDC stocks minute-by-minute that OHAI’s stock price is breaking through to a new, lower, level.