Harvest Capital Credit (NASDAQ:HCAP) issued its quarterly earnings results on Friday. The investment management company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01, MarketWatch Earnings reports. The firm had revenue of $4.07 million during the quarter, compared to the consensus estimate of $3.90 million. Harvest Capital Credit had a return on equity of 7.86% and a net margin of 30.83%.
Shares of HCAP traded up $0.10 during trading hours on Friday, reaching $10.30. 25,809 shares of the company’s stock traded hands, compared to its average volume of 18,014. The company has a market cap of $65.98 million, a PE ratio of 8.05 and a beta of 0.71. The company has a current ratio of 9.73, a quick ratio of 9.73 and a debt-to-equity ratio of 0.68. Harvest Capital Credit has a 12 month low of $9.31 and a 12 month high of $11.65.
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 18th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.32%. Harvest Capital Credit’s dividend payout ratio (DPR) is presently 75.00%.
In other news, CEO Joseph A. Jolson acquired 19,658 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were bought at an average cost of $9.63 per share, with a total value of $189,306.54. Following the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at approximately $192,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph A. Jolson acquired 18,919 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were purchased at an average cost of $9.52 per share, for a total transaction of $180,108.88. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at approximately $190,400. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 70,204 shares of company stock worth $677,420. 9.30% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC boosted its stake in Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,361 shares of the investment management company’s stock after purchasing an additional 14,936 shares during the period. Acadian Asset Management LLC owned about 0.35% of Harvest Capital Credit worth $225,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.16% of the company’s stock.
Separately, Zacks Investment Research upgraded Harvest Capital Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.
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About Harvest Capital Credit
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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