Harvest Capital Credit Corp. (NASDAQ:HCAP) – Stock analysts at William Blair raised their FY2016 EPS estimates for Harvest Capital Credit Corp. in a research report issued to clients and investors on Wednesday. William Blair analyst R. Napoli now expects that the brokerage will post earnings of $1.60 per share for the year, up from their prior forecast of $1.42. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Harvest Capital Credit Corp.’s Q4 2016 earnings at $0.39 EPS and Q4 2017 earnings at $0.36 EPS.

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

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

Harvest Capital Credit Corp. (NASDAQ:HCAP) opened at 12.59 on Monday. Harvest Capital Credit Corp. has a 12-month low of $9.93 and a 12-month high of $13.50. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $12.62.

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

Large investors have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. boosted its stake in 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 worth $3,740,000 after buying an additional 10,190 shares in the last quarter. GSA Capital Partners LLP boosted its stake in 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 worth $257,000 after buying an additional 5,300 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in 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 worth $859,000 after buying an additional 14,866 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Harvest Capital Credit Corp. during the second quarter worth approximately $161,000. Finally, 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 worth $138,000 after buying an additional 536 shares in the last quarter. 8.72% of the stock is currently owned by institutional investors and hedge funds.

In other Harvest Capital Credit Corp. news, major shareholder Jmp Group Llc purchased 26,785 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were acquired at an average cost of $12.03 per share, with a total value of $322,223.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph A. Jolson purchased 19,540 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average cost 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 $247,800. The disclosure for this purchase can be found here. 9.40% of the stock is owned by corporate insiders.

The business also recently announced a monthly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 21st will be issued a $0.1125 dividend. The ex-dividend date is Thursday, November 17th. This represents a $1.35 dividend on an annualized basis and a yield of 10.72%. Harvest Capital Credit Corp.’s dividend payout ratio is currently 158.82%.

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.

5 Day Chart for NASDAQ:HCAP

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