Harvest Capital Credit Corp. (NASDAQ:HCAP) – Analysts at William Blair raised their Q2 2017 earnings estimates for Harvest Capital Credit Corp. in a research note issued to investors on Wednesday. William Blair analyst R. Napoli now expects that the brokerage will earn $0.37 per share for the quarter, up from their prior estimate of $0.36. William Blair currently has a “Market Perform” rating on the stock.

Harvest Capital Credit Corp. (NASDAQ:HCAP) last announced its earnings results on Wednesday, November 9th. The investment management company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.33 by $0.14. Harvest Capital Credit Corp. had a net margin of 23.91% and a return on equity of 12.62%.

Earnings History and Estimates for Harvest Capital Credit Corp. (NASDAQ:HCAP)

Separately, Zacks Investment Research cut Harvest Capital Credit Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Harvest Capital Credit Corp. currently has a consensus rating of “Hold” and an average price target of $13.75.

Shares of Harvest Capital Credit Corp. (NASDAQ:HCAP) opened at 12.47 on Friday. Harvest Capital Credit Corp. has a one year low of $9.93 and a one year high of $13.50. The firm’s 50-day moving average is $12.17 and its 200 day moving average is $12.62.

The company also recently declared a monthly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 21st will be issued a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend is Thursday, November 17th. Harvest Capital Credit Corp.’s dividend payout ratio (DPR) is currently 158.82%.

In other news, major shareholder Jmp Group Llc purchased 4,117 shares of Harvest Capital Credit Corp. stock in a transaction dated Wednesday, October 26th. The shares were bought at an average cost of $12.05 per share, for a total transaction of $49,609.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph A. Jolson purchased 19,540 shares of Harvest Capital Credit Corp. stock in a transaction dated Thursday, September 15th. The shares were purchased at an average price of $12.39 per share, for a total transaction of $242,100.60. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $247,800. The disclosure for this purchase can be found here. Insiders own 9.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Harvest Capital Credit Corp. by 5.2% in the second quarter. Stifel Financial Corp now owns 10,811 shares of the investment management company’s stock valued at $138,000 after buying an additional 536 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Harvest Capital Credit Corp. by 35.8% in the second quarter. GSA Capital Partners LLP now owns 20,100 shares of the investment management company’s stock valued at $257,000 after buying an additional 5,300 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Harvest Capital Credit Corp. by 3.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 292,641 shares of the investment management company’s stock valued at $3,740,000 after buying an additional 10,190 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Harvest Capital Credit Corp. during the second quarter valued at approximately $161,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Harvest Capital Credit Corp. by 25.5% in the second quarter. Janney Montgomery Scott LLC now owns 73,227 shares of the investment management company’s stock valued at $859,000 after buying an additional 14,866 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

Harvest Capital Credit Corp. 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.

5 Day Chart for NASDAQ:HCAP

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.