Analysts Anticipate Harvest Capital Credit Corp (HCAP) to Announce $0.24 Earnings Per Share

Harvest Capital Credit Corp (NASDAQ:HCAP) has been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Analysts have set a 1-year consensus price target of $12.00 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Harvest Capital Credit an industry rank of 249 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th.

In other news, CEO Joseph A. Jolson acquired 12,995 shares of the business’s stock in a transaction on Wednesday, October 17th. The shares were purchased at an average cost of $10.50 per share, with a total value of $136,447.50. Following the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $210,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard Paul Buckanavage sold 4,500 shares of Harvest Capital Credit stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $11.02, for a total transaction of $49,590.00. Following the transaction, the insider now directly owns 44,772 shares in the company, valued at $493,387.44. The disclosure for this sale can be found here. Insiders bought a total of 85,691 shares of company stock worth $848,609 in the last 90 days. Corporate insiders own 9.30% of the company’s stock.

An institutional investor recently bought a new position in Harvest Capital Credit stock. Franklin Square Holdings L.P. purchased a new stake in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,350,620 shares of the investment management company’s stock, valued at approximately $29,714,000. Harvest Capital Credit comprises 33.8% of Franklin Square Holdings L.P.’s portfolio, making the stock its largest position. Franklin Square Holdings L.P. owned about 21.10% of Harvest Capital Credit at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.55% of the company’s stock.

NASDAQ:HCAP traded up $0.20 during mid-day trading on Tuesday, hitting $10.87. 10,663 shares of the company’s stock were exchanged, compared to its average volume of 14,613. The company has a debt-to-equity ratio of 0.68, a current ratio of 9.73 and a quick ratio of 9.73. Harvest Capital Credit has a fifty-two week low of $9.31 and a fifty-two week high of $11.84. The company has a market cap of $69.18 million, a PE ratio of 8.49 and a beta of 0.64.

Harvest Capital Credit (NASDAQ:HCAP) last posted its earnings results on Thursday, November 8th. The investment management company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Harvest Capital Credit had a return on equity of 7.86% and a net margin of 30.83%. The business had revenue of $4.32 million for the quarter, compared to analyst estimates of $4.47 million. Equities research analysts expect that Harvest Capital Credit will post 0.93 EPS for the current year.

The firm also recently announced a monthly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 14th were given a dividend of $0.095 per share. The ex-dividend date was Thursday, December 13th. This represents a $1.14 annualized dividend and a yield of 10.49%. Harvest Capital Credit’s dividend payout ratio is presently 89.06%.

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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