Analysts Expect Harvest Capital Credit Corp (HCAP) to Announce $0.16 Earnings Per Share

Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Analysts have set a 12-month consensus price objective of $10.50 for the company and are predicting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Harvest Capital Credit an industry rank of 19 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of Harvest Capital Credit from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 20th.

Shares of NASDAQ HCAP traded up $0.10 during mid-day trading on Wednesday, hitting $10.67. The company’s stock had a trading volume of 11,784 shares, compared to its average volume of 19,127. The firm has a market capitalization of $66.71 million, a PE ratio of 11.47 and a beta of 0.71. The company has a current ratio of 14.87, a quick ratio of 14.87 and a debt-to-equity ratio of 0.57. Harvest Capital Credit has a one year low of $9.31 and a one year high of $11.65.

Harvest Capital Credit (NASDAQ:HCAP) last issued its earnings results on Friday, March 15th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $4.07 million for the quarter, compared to analyst estimates of $3.90 million. Harvest Capital Credit had a net margin of 31.31% and a return on equity of 7.51%. As a group, equities research analysts anticipate that Harvest Capital Credit will post 0.87 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 18th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.00%. Harvest Capital Credit’s dividend payout ratio is 103.23%.

In other news, CEO Joseph A. Jolson purchased 13,660 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were acquired at an average cost of $9.84 per share, for a total transaction of $134,414.40. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $196,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.30% of the company’s stock.

An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC lifted its position in Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,361 shares of the investment management company’s stock after acquiring an additional 14,936 shares during the period. Acadian Asset Management LLC owned approximately 0.35% of Harvest Capital Credit worth $225,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.38% of the company’s stock.

Harvest Capital Credit Company Profile

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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