Oha Investment Corporation Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 06:07 am EST
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OHA Investment Corporation announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 1.518 million compared to USD 1.886 million a year ago. Net loss was USD 1.099 million compared to USD 5.949 million a year ago. Basic loss per share was USD 0.05 compared to USD 0.29 a year ago. For the nine months, total revenue was USD 4.567 million compared to USD 6.796 million a year ago. Net income was USD 805,000 compared to net loss of USD 3.209 million a year ago. Basic earnings per share was USD 0.04 compared to basic loss per share of USD 0.16 a year ago.
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. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in senior and junior secured, unsecured and subordinated loans, and to debt securities or preferred stock of the United States private and public middle market companies. The Company may also invest in equity, distressed debt and other assets. The Company's investment advisor is Oak Hill Advisors, L.P.
OHA INVESTMENT CORPORATION 
