According to Zacks, “Harvest Capital Credit Corporation is a closed-end management investment company. The company invest in the form of subordinated debt, senior debt and minority equity. Harvest Capital Credit Corporation is headquartered in New York, United Sates. “
Shares of NASDAQ:HCAP opened at $10.58 on Tuesday. Harvest Capital Credit has a fifty-two week low of $9.31 and a fifty-two week high of $11.65. The stock has a market capitalization of $65.45 million, a price-to-earnings ratio of 11.38 and a beta of 0.71. The company has a quick ratio of 14.87, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.
The business also recently declared a monthly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 23rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.07%. Harvest Capital Credit’s dividend payout ratio is currently 103.23%.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC grew its stake in Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,361 shares of the investment management company’s stock after purchasing an additional 14,936 shares during the quarter. Acadian Asset Management LLC owned about 0.35% of Harvest Capital Credit worth $225,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.32% 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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