Harvest Capital Credit Corp (HCAP) Major Shareholder Acquires $13,651.02 in Stock

Harvest Capital Credit Corp (NASDAQ:HCAP) major shareholder Jmp Group Llc purchased 1,257 shares of the stock in a transaction dated Monday, March 12th. The stock was acquired at an average cost of $10.86 per share, with a total value of $13,651.02. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Jmp Group Llc also recently made the following trade(s):

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  • On Wednesday, April 4th, Jmp Group Llc purchased 2,284 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.24 per share, with a total value of $23,388.16.
  • On Wednesday, March 28th, Jmp Group Llc purchased 1,927 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.28 per share, with a total value of $19,809.56.
  • On Monday, April 2nd, Jmp Group Llc purchased 5,627 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.31 per share, with a total value of $58,014.37.
  • On Monday, March 26th, Jmp Group Llc purchased 1,550 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.67 per share, with a total value of $16,538.50.
  • On Thursday, March 22nd, Jmp Group Llc purchased 3,680 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.48 per share, with a total value of $38,566.40.
  • On Monday, March 19th, Jmp Group Llc acquired 1,603 shares of Harvest Capital Credit stock. The shares were purchased at an average price of $10.51 per share, with a total value of $16,847.53.
  • On Friday, March 16th, Jmp Group Llc acquired 1,500 shares of Harvest Capital Credit stock. The shares were purchased at an average price of $10.77 per share, with a total value of $16,155.00.
  • On Wednesday, March 14th, Jmp Group Llc acquired 3,257 shares of Harvest Capital Credit stock. The shares were purchased at an average price of $10.88 per share, with a total value of $35,436.16.
  • On Friday, March 9th, Jmp Group Llc acquired 9,861 shares of Harvest Capital Credit stock. The shares were purchased at an average price of $10.85 per share, with a total value of $106,991.85.
  • On Tuesday, March 6th, Jmp Group Llc acquired 1,602 shares of Harvest Capital Credit stock. The shares were purchased at an average price of $10.87 per share, with a total value of $17,413.74.

Harvest Capital Credit stock traded down $0.03 during mid-day trading on Friday, reaching $10.22. 17,085 shares of the company traded hands, compared to its average volume of 18,999. 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 Corp has a fifty-two week low of $9.92 and a fifty-two week high of $14.12. The firm has a market capitalization of $65.61, a price-to-earnings ratio of 7.99 and a beta of 0.74.

Harvest Capital Credit (NASDAQ:HCAP) last issued its quarterly earnings results on Monday, April 2nd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Harvest Capital Credit had a net margin of 14.76% and a return on equity of 11.04%. The company had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.18 million. sell-side analysts predict that Harvest Capital Credit Corp will post 1.11 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th were paid a dividend of $0.095 per share. The ex-dividend date was Monday, March 19th. This represents a $1.14 dividend on an annualized basis and a yield of 11.15%. Harvest Capital Credit’s payout ratio is 89.06%.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. ValuEngine lowered shares of Harvest Capital Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods set a $12.00 price objective on shares of Harvest Capital Credit and gave the stock a “hold” rating in a research note on Monday, April 2nd. Finally, Janney Montgomery Scott lowered shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

A hedge fund recently raised its stake in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 21.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,214 shares of the investment management company’s stock after purchasing an additional 6,282 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.54% of Harvest Capital Credit worth $471,000 at the end of the most recent reporting period. 5.59% of the stock is currently owned by hedge funds and other institutional investors.

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Harvest Capital Credit 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.

Insider Buying and Selling by Quarter for Harvest Capital Credit (NASDAQ:HCAP)

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