Harvest Capital Credit Corp (HCAP) Declares $0.10 Monthly Dividend

Harvest Capital Credit Corp (NASDAQ:HCAP) announced a monthly dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Thursday, April 19th will be given a dividend of 0.095 per share by the investment management company on Thursday, April 26th. This represents a $1.14 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Wednesday, April 18th.

Shares of Harvest Capital Credit (NASDAQ HCAP) opened at $10.21 on Friday. The firm has a market cap of $75.13, a price-to-earnings ratio of 21.72 and a beta of 0.70. Harvest Capital Credit has a fifty-two week low of $10.03 and a fifty-two week high of $14.65. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39.

Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings data on Tuesday, November 7th. The investment management company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). The company had revenue of $4.82 million for the quarter, compared to analyst estimates of $5.00 million. Harvest Capital Credit had a return on equity of 11.04% and a net margin of 14.76%. equities analysts anticipate that Harvest Capital Credit will post 1.39 earnings per share for the current year.

Several research analysts have weighed in on HCAP shares. Zacks Investment Research raised shares of Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine lowered shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th. Finally, Janney Montgomery Scott lowered shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.50.

In other Harvest Capital Credit news, CFO Craig R. Kitchin sold 12,456 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $12.25, for a total transaction of $152,586.00. Following the completion of the transaction, the chief financial officer now directly owns 8,694 shares of the company’s stock, valued at approximately $106,501.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard Paul Buckanavage sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the insider now directly owns 49,272 shares of the company’s stock, valued at $542,484.72. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 142,566 shares of company stock valued at $1,541,218. 9.50% of the stock is owned by company insiders.

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About Harvest Capital Credit

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.

Dividend History for Harvest Capital Credit (NASDAQ:HCAP)

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