Harvest Capital Credit Corp (NASDAQ:HCAP) – Investment analysts at William Blair dropped their FY2018 earnings per share (EPS) estimates for Harvest Capital Credit in a research report issued to clients and investors on Tuesday, April 3rd. William Blair analyst R. Napoli now anticipates that the investment management company will post earnings per share of $1.02 for the year, down from their prior estimate of $1.35.
Harvest Capital Credit (NASDAQ:HCAP) last released its quarterly earnings results on Monday, April 2nd. The investment management company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $4.18 million.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods set a $12.00 price objective on shares of Harvest Capital Credit and gave the company a “hold” rating in a research note on Monday, April 2nd. Janney Montgomery Scott cut shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Finally, ValuEngine cut shares of Harvest Capital Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $12.00.
HCAP opened at $10.22 on Friday. Harvest Capital Credit has a one year low of $9.92 and a one year high of $14.12. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $65.61, a PE ratio of 7.99 and a beta of 0.74.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th were paid a $0.095 dividend. The ex-dividend date of this dividend 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 presently 89.06%.
In other Harvest Capital Credit news, major shareholder Jmp Group Llc acquired 3,076 shares of Harvest Capital Credit stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $11.00 per share, with a total value of $33,836.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 64,561 shares of company stock worth $689,617. 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 shares of Harvest Capital Credit Corp (NASDAQ:HCAP) during the third quarter, according to its most recent Form 13F filing 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 approximately 0.59% of Harvest Capital Credit as of its most recent SEC filing. Hedge funds and other institutional investors own 5.59% of the company’s stock.
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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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