Harvest Capital Credit Corp. (HCAP) To Go Ex-Dividend on November 17th
Harvest Capital Credit Corp. (NASDAQ:HCAP) declared a monthly dividend on Wednesday, November 9th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.1125 per share by the investment management company on Monday, November 28th. This represents a $1.35 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date of this dividend is Thursday, November 17th.
Harvest Capital Credit Corp. (NASDAQ:HCAP) opened at 12.7399 on Wednesday. Harvest Capital Credit Corp. has a one year low of $9.93 and a one year high of $13.50. The firm has a 50-day moving average of $12.20 and a 200-day moving average of $12.62.
Harvest Capital Credit Corp. (NASDAQ:HCAP) last released its quarterly earnings results on Wednesday, November 9th. The investment management company reported $0.47 earnings per share 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%. On average, analysts expect that Harvest Capital Credit Corp. will post $1.53 EPS for the current fiscal year.
In other news, major shareholder Jmp Group Llc bought 26,785 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average cost of $12.03 per share, for a total transaction of $322,223.55. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph A. Jolson bought 19,540 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average price of $12.39 per share, with a total value of $242,100.60. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $247,800. The disclosure for this purchase can be found here. 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 raised its stake in Harvest Capital Credit Corp. (NASDAQ:HCAP) by 25.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the SEC. 8.72% of the stock is currently owned by institutional investors.
HCAP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Harvest Capital Credit Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. William Blair cut Harvest Capital Credit Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $13.75.
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.
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