Insider Buying: Harvest Capital Credit Corp (HCAP) CEO Buys $78,330.00 in Stock
Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson bought 7,460 shares of the stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average price of $10.50 per share, with a total value of $78,330.00. Following the purchase, the chief executive officer now owns 20,000 shares in the company, valued at $210,000. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
HCAP opened at $10.97 on Friday. The company has a market capitalization of $69.99 million, a PE ratio of 8.57 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.70 and a quick ratio of 5.70. Harvest Capital Credit Corp has a 52 week low of $9.90 and a 52 week high of $12.56.
Harvest Capital Credit (NASDAQ:HCAP) last released its earnings results on Thursday, November 8th. The investment management company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $4.32 million during the quarter, compared to analysts’ expectations of $4.47 million. Harvest Capital Credit had a net margin of 24.15% and a return on equity of 8.65%. As a group, research analysts expect that Harvest Capital Credit Corp will post 0.96 earnings per share for the current fiscal year.
A number of research analysts have recently commented on HCAP shares. TheStreet upgraded Harvest Capital Credit from a “c+” rating to a “b-” rating in a research note on Wednesday, July 18th. ValuEngine upgraded Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research upgraded Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.00.
An institutional investor recently bought a new position in Harvest Capital Credit stock. Franklin Square Holdings L.P. acquired a new stake in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,350,620 shares of the investment management company’s stock, valued at approximately $29,714,000. Harvest Capital Credit comprises 33.8% of Franklin Square Holdings L.P.’s holdings, making the stock its biggest holding. Franklin Square Holdings L.P. owned about 21.10% of Harvest Capital Credit at the end of the most recent quarter. 28.84% of the stock is currently owned by institutional investors and hedge funds.
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Harvest Capital Credit Company Profile
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.
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