Analysts Anticipate Harvest Capital Credit Corporation (NASDAQ:HCAP) Will Post Earnings of $0.33 Per Share
Wall Street analysts forecast that Harvest Capital Credit Corporation (NASDAQ:HCAP) will post earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Harvest Capital Credit Corporation’s earnings. Harvest Capital Credit Corporation also reported earnings per share of $0.33 during the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 8th.
On average, analysts expect that Harvest Capital Credit Corporation will report full-year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.38. For the next financial year, analysts expect that the firm will report earnings of $1.40 per share, with EPS estimates ranging from $1.36 to $1.44. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Harvest Capital Credit Corporation.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last issued its earnings results on Wednesday, May 10th. The investment management company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.05. Harvest Capital Credit Corporation had a return on equity of 11.15% and a net margin of 42.18%. The business had revenue of $4.67 million during the quarter, compared to analysts’ expectations of $5.07 million.
Several brokerages have weighed in on HCAP. Zacks Investment Research downgraded Harvest Capital Credit Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, March 20th. Keefe, Bruyette & Woods set a $14.00 price target on Harvest Capital Credit Corporation and gave the stock a “hold” rating in a report on Wednesday, May 10th.
An institutional investor recently raised its position in Harvest Capital Credit Corporation stock. Goldman Sachs Group Inc. raised its stake in Harvest Capital Credit Corporation (NASDAQ:HCAP) by 18.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,344 shares of the investment management company’s stock after buying an additional 5,772 shares during the period. Goldman Sachs Group Inc. owned 0.57% of Harvest Capital Credit Corporation worth $480,000 at the end of the most recent reporting period. 7.53% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Harvest Capital Credit Corporation (HCAP) traded up 0.5271% during trading on Thursday, reaching $13.3701. The company’s stock had a trading volume of 16,299 shares. Harvest Capital Credit Corporation has a 12-month low of $11.99 and a 12-month high of $14.88. The firm’s 50-day moving average is $13.17 and its 200-day moving average is $13.69.
The firm also recently declared a dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th will be issued a $0.112 dividend. The ex-dividend date of this dividend is Tuesday, July 18th. Harvest Capital Credit Corporation’s dividend payout ratio is presently 100.00%.
Harvest Capital Credit Corporation 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.
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