Harvest Capital Credit Corporation (HCAP) to Release Earnings on Wednesday
Harvest Capital Credit Corporation (NASDAQ:HCAP) is set to issue its quarterly earnings data before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last posted its quarterly earnings results on Wednesday, May 10th. The investment management company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by $0.05. Harvest Capital Credit Corporation had a net margin of 42.18% and a return on equity of 11.15%. The business had revenue of $4.67 million during the quarter, compared to analysts’ expectations of $5.07 million. On average, analysts expect Harvest Capital Credit Corporation to post $1.37 EPS for the current fiscal year and $1.4 EPS for the next fiscal year.
Shares of Harvest Capital Credit Corporation (NASDAQ HCAP) opened at 13.44 on Monday. Harvest Capital Credit Corporation has a 12-month low of $11.99 and a 12-month high of $14.88. The firm has a 50-day moving average of $13.54 and a 200 day moving average of $13.68.
The firm also recently disclosed a dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were paid a $0.112 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. Harvest Capital Credit Corporation’s dividend payout ratio is presently 100.00%.
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A number of research firms have commented on HCAP. Zacks Investment Research upgraded shares of Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Harvest Capital Credit Corporation and gave the company a “hold” rating in a research note on Wednesday, May 10th.
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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