Insider Buying: Harvest Capital Credit Corp (HCAP) Major Shareholder Acquires 3,257 Shares of Stock

Harvest Capital Credit Corp (NASDAQ:HCAP) major shareholder Jmp Group Llc bought 3,257 shares of Harvest Capital Credit stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of $10.88 per share, with a total value of $35,436.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, April 4th, Jmp Group Llc bought 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 bought 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 bought 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 bought 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 bought 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 bought 1,603 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.51 per share, with a total value of $16,847.53.
  • On Friday, March 16th, Jmp Group Llc bought 1,500 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.77 per share, with a total value of $16,155.00.
  • On Monday, March 12th, Jmp Group Llc bought 1,257 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.86 per share, with a total value of $13,651.02.
  • On Friday, March 9th, Jmp Group Llc purchased 9,861 shares of Harvest Capital Credit stock. The stock was bought at an average cost of $10.85 per share, with a total value of $106,991.85.
  • On Tuesday, March 6th, Jmp Group Llc purchased 1,602 shares of Harvest Capital Credit stock. The stock was bought at an average cost of $10.87 per share, with a total value of $17,413.74.

HCAP stock traded down $0.03 during midday trading on Friday, reaching $10.22. The company had a trading volume of 17,085 shares, compared to its average volume of 18,999. The company has a market cap of $65.43, a PE ratio of 7.99 and a beta of 0.74. Harvest Capital Credit Corp has a 1-year low of $9.92 and a 1-year high of $14.12. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.39.

Harvest Capital Credit (NASDAQ:HCAP) last issued its 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). The business had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.18 million. Harvest Capital Credit had a return on equity of 11.04% and a net margin of 14.76%. analysts anticipate that Harvest Capital Credit Corp will post 1.11 EPS for the current fiscal year.

The firm also recently announced 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. This represents a $1.14 annualized dividend and a yield of 11.15%. The ex-dividend date was Monday, March 19th. Harvest Capital Credit’s payout ratio is 89.06%.

A hedge fund recently raised its stake in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. increased its position in Harvest Capital Credit Corp (NASDAQ:HCAP) by 21.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,214 shares of the investment management company’s stock after buying an additional 6,282 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned 0.54% of Harvest Capital Credit worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.59% of the stock is currently owned by institutional investors.

A number of research firms recently commented on HCAP. ValuEngine downgraded Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Keefe, Bruyette & Woods set a $12.00 price target on Harvest Capital Credit and gave the company a “hold” rating in a research note on Monday, April 2nd. Janney Montgomery Scott downgraded Harvest Capital Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research raised Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Four equities research 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.

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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.

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

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