Harvest Capital Credit Corporation (NASDAQ:HCAP) – Analysts at William Blair lowered their Q4 2017 EPS estimates for Harvest Capital Credit Corporation in a note issued to investors on Tuesday. William Blair analyst R. Napoli now anticipates that the investment management company will earn $0.29 per share for the quarter, down from their prior estimate of $0.34. William Blair also issued estimates for Harvest Capital Credit Corporation’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.34 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.18 EPS.
HCAP has been the topic of several other reports. Zacks Investment Research lowered Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $13.50 target price on shares of Harvest Capital Credit Corporation in a research report on Friday, August 11th.
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Harvest Capital Credit Corporation (NASDAQ HCAP) opened at $11.96 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 5.65. Harvest Capital Credit Corporation has a 52-week low of $11.70 and a 52-week high of $14.88. The firm has a market capitalization of $78.70, a PE ratio of 8.14 and a beta of 0.75.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last issued its earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. Harvest Capital Credit Corporation had a return on equity of 11.04% and a net margin of 14.76%. The company had revenue of $5.08 million for the quarter, compared to analyst estimates of $5.14 million.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date is Thursday, December 21st. Harvest Capital Credit Corporation’s dividend payout ratio is 287.24%.
In other news, insider Richard Paul Buckanavage sold 3,000 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $13.65, for a total transaction of $40,950.00. Following the transaction, the insider now owns 57,172 shares of the company’s stock, valued at approximately $780,397.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of Harvest Capital Credit Corporation by 18.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after acquiring an additional 5,772 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Harvest Capital Credit Corporation during the 3rd quarter valued at about $503,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Harvest Capital Credit Corporation by 3.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 75,974 shares of the investment management company’s stock valued at $996,000 after acquiring an additional 2,753 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.
Harvest Capital Credit Corporation 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.
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