Harvest Capital Credit Corporation (NASDAQ:HCAP) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a 1 year consensus price objective of $15.00 for the company and are predicting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Harvest Capital Credit Corporation an industry rank of 51 out of 265 based on the ratings given to its competitors.
HCAP has been the subject of several research analyst reports. Zacks Investment Research downgraded Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $13.50 target price on shares of Harvest Capital Credit Corporation in a research note on Friday, August 11th.
In related news, insider Richard Paul Buckanavage sold 3,000 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $13.65, for a total value of $40,950.00. Following the completion of the transaction, the insider now directly owns 57,172 shares of the company’s stock, valued at approximately $780,397.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.50% of the company’s stock.
An institutional investor recently raised its position in Harvest Capital Credit Corporation stock. Janney Montgomery Scott LLC raised its stake in Harvest Capital Credit Corporation (NASDAQ:HCAP) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,974 shares of the investment management company’s stock after purchasing an additional 2,753 shares during the period. Janney Montgomery Scott LLC’s holdings in Harvest Capital Credit Corporation were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.53% of the stock is owned by institutional investors.
Harvest Capital Credit Corporation (HCAP) traded down $0.14 during midday trading on Monday, reaching $12.93. 31,799 shares of the company’s stock were exchanged, compared to its average volume of 25,344. Harvest Capital Credit Corporation has a 12 month low of $11.99 and a 12 month high of $14.88. The company has a market cap of $83.55, a PE ratio of 8.17 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.65 and a current ratio of 5.65.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last posted its earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Harvest Capital Credit Corporation had a net margin of 27.50% and a return on equity of 11.71%. The firm had revenue of $5.08 million during the quarter, compared to analyst estimates of $5.14 million. sell-side analysts predict that Harvest Capital Credit Corporation will post 1.44 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This is an increase from Harvest Capital Credit Corporation’s previous special dividend of $0.09. This represents a yield of 10.06%. Harvest Capital Credit Corporation’s payout ratio is presently 150.00%.
Harvest Capital Credit Corporation Company Profile
Harvest Capital Credit Corporation is an externally managed, closed-end, non-diversified management investment company. The Company operates as a business development company and provides customized financing solutions for small to mid-sized companies. Its investment objective is to generate both current income and capital appreciation by making direct investments in the form of subordinated debt, senior debt, and to a lesser extent, minority equity investments in privately-held the United States small to mid-sized companies.
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