Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price objective of $10.50 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Harvest Capital Credit an industry rank of 149 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Harvest Capital Credit from a “hold” rating to a “sell” rating in a report on Wednesday.
Shares of HCAP stock opened at $9.89 on Wednesday. Harvest Capital Credit has a 12-month low of $9.31 and a 12-month high of $11.65. The company has a current ratio of 10.39, a quick ratio of 10.39 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $9.96 and its 200-day moving average price is $10.26. The stock has a market capitalization of $60.67 million, a price-to-earnings ratio of 13.15 and a beta of 0.67.
Harvest Capital Credit (NASDAQ:HCAP) last issued its earnings results on Friday, August 9th. The investment management company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Harvest Capital Credit had a return on equity of 6.25% and a net margin of 16.14%. The firm had revenue of $2.99 million during the quarter, compared to the consensus estimate of $3.50 million. As a group, research analysts predict that Harvest Capital Credit will post 0.67 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, October 16th. Harvest Capital Credit’s dividend payout ratio (DPR) is 103.23%.
In related news, CEO Joseph A. Jolson purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $9.77 per share, for a total transaction of $146,550.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at approximately $195,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph A. Jolson purchased 6,394 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average price of $9.85 per share, with a total value of $62,980.90. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $197,000. The disclosure for this purchase can be found here. Insiders bought 40,440 shares of company stock worth $396,584 over the last ninety days. Insiders own 13.40% of the company’s stock.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC increased its stake in Harvest Capital Credit Corp (NASDAQ:HCAP) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,530 shares of the investment management company’s stock after acquiring an additional 2,169 shares during the period. Acadian Asset Management LLC owned approximately 0.40% of Harvest Capital Credit worth $256,000 as of its most recent SEC filing. 8.25% of the stock is owned by hedge funds and other institutional investors.
Harvest Capital Credit Company Profile
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.
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