Wall Street brokerages expect Harvest Capital Credit Corp (NASDAQ:HCAP) to announce $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Harvest Capital Credit’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.31. Harvest Capital Credit posted earnings per share of $0.39 during the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The firm is expected to report its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Harvest Capital Credit will report full-year earnings of $1.39 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $1.26 per share, with EPS estimates ranging from $1.17 to $1.35. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Harvest Capital Credit.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Janney Montgomery Scott cut shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. ValuEngine cut shares of Harvest Capital Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet cut shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Harvest Capital Credit presently has a consensus rating of “Hold” and an average price target of $13.50.
In other news, insider Richard Paul Buckanavage sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now owns 49,272 shares in the company, valued at $542,484.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jmp Group Llc bought 9,780 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $10.58 per share, for a total transaction of $103,472.40. The disclosure for this purchase can be found here. Insiders bought 155,422 shares of company stock worth $1,678,526 in the last 90 days. Company insiders own 9.50% of the company’s stock.
A hedge fund recently bought a new stake in Harvest Capital Credit stock. Macquarie Group Ltd. purchased a new position in Harvest Capital Credit Corp (NASDAQ:HCAP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,629 shares of the investment management company’s stock, valued at approximately $503,000. Macquarie Group Ltd. owned 0.59% of Harvest Capital Credit as of its most recent SEC filing. Institutional investors own 5.71% of the company’s stock.
Shares of Harvest Capital Credit (NASDAQ HCAP) traded up $0.34 during midday trading on Wednesday, reaching $10.76. 30,700 shares of the company’s stock were exchanged, compared to its average volume of 31,752. Harvest Capital Credit has a twelve month low of $10.03 and a twelve month high of $14.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $66.96, a PE ratio of 22.89 and a beta of 0.70.
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 20th will be issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 10.59%. The ex-dividend date of this dividend is Monday, March 19th. Harvest Capital Credit’s dividend payout ratio is 287.24%.
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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.
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