Somewhat Critical Press Coverage Somewhat Unlikely to Impact Harvest Capital Credit (HCAP) Stock Price
News articles about Harvest Capital Credit (NASDAQ:HCAP) have trended somewhat negative this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harvest Capital Credit earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 45.1996387644542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
HCAP has been the subject of several recent analyst reports. ValuEngine cut shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. TheStreet cut shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a research note on Wednesday, November 29th. Zacks Investment Research cut shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $13.50 price objective on shares of Harvest Capital Credit in a research note on Friday, August 11th.
Harvest Capital Credit (NASDAQ HCAP) opened at $11.05 on Wednesday. The company has a market cap of $71.56, a P/E ratio of 7.40 and a beta of 0.67. Harvest Capital Credit has a 12 month low of $10.52 and a 12 month high of $14.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 1.43.
In related news, major shareholder Jmp Group Llc purchased 38,841 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of $10.75 per share, with a total value of $417,540.75. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig R. Kitchin sold 12,456 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $12.25, for a total transaction of $152,586.00. Following the completion of the transaction, the chief financial officer now directly owns 8,694 shares of the company’s stock, valued at approximately $106,501.50. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.
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Harvest Capital Credit 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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