Harvest Capital Credit Corp. (HCAP) To Go Ex-Dividend on October 11th
Harvest Capital Credit Corp. (NASDAQ:HCAP) declared a monthly dividend on Tuesday, August 9th. Investors of record on Thursday, October 13th will be given a dividend of 0.1125 per share by the investment management company on Thursday, October 20th. This represents a $1.35 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date of this dividend is Tuesday, October 11th.
Harvest Capital Credit Corp. (NASDAQ:HCAP) opened at 12.28 on Thursday. Harvest Capital Credit Corp. has a 1-year low of $9.93 and a 1-year high of $13.50. The company’s 50-day moving average price is $12.42 and its 200-day moving average price is $12.70.
Harvest Capital Credit Corp. (NASDAQ:HCAP) last issued its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. Harvest Capital Credit Corp. had a net margin of 17.45% and a return on equity of 11.62%. Equities research analysts predict that Harvest Capital Credit Corp. will post $1.41 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Harvest Capital Credit Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, June 28th. William Blair cut shares of Harvest Capital Credit Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Finally, Keefe, Bruyette & Woods cut shares of Harvest Capital Credit Corp. from an “outperform” rating to a “market perform” rating and set a $13.50 target price on the stock. in a research note on Thursday, July 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Harvest Capital Credit Corp. currently has a consensus rating of “Hold” and a consensus price target of $13.75.
In other news, Director Joseph A. Jolson bought 19,540 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were bought at an average price of $12.39 per share, for a total transaction of $242,100.60. Following the purchase, the director now owns 20,000 shares in the company, valued at $247,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.40% of the company’s stock.
A hedge fund recently raised its stake in Harvest Capital Credit Corp. stock. Janney Montgomery Scott LLC increased its stake in Harvest Capital Credit Corp. (NASDAQ:HCAP) by 25.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,227 shares of the investment management company’s stock after buying an additional 14,866 shares during the period. Janney Montgomery Scott LLC’s holdings in Harvest Capital Credit Corp. were worth $859,000 at the end of the most recent quarter. Institutional investors own 10.57% of the company’s stock.
About Harvest Capital Credit Corp.
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.
Receive News & Stock Ratings for Harvest Capital Credit Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit Corp. and related stocks with our FREE daily email newsletter.