Harvest Capital Credit Corp (NASDAQ:HCAP) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, September 19th will be paid a dividend of 0.08 per share by the investment management company on Thursday, September 26th. This represents a $0.96 annualized dividend and a yield of 9.55%. The ex-dividend date is Wednesday, September 18th.

Harvest Capital Credit has decreased its dividend by an average of 5.0% annually over the last three years. Harvest Capital Credit has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Harvest Capital Credit to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 98.0%.

Shares of NASDAQ HCAP opened at $10.05 on Monday. The company has a current ratio of 10.39, a quick ratio of 10.39 and a debt-to-equity ratio of 0.76. Harvest Capital Credit has a 12 month low of $9.31 and a 12 month high of $11.65. The company has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $10.29. The stock has a market cap of $60.64 million, a price-to-earnings ratio of 10.81 and a beta of 0.68.

Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings data on Friday, August 9th. The investment management company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Harvest Capital Credit had a net margin of 16.14% and a return on equity of 6.25%. The business had revenue of $2.99 million for the quarter, compared to analyst estimates of $3.50 million. Analysts forecast that Harvest Capital Credit will post 0.67 EPS for the current year.

In other news, CEO Joseph A. Jolson bought 6,078 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $9.85 per share, with a total value of $59,868.30. Following the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at $197,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph A. Jolson bought 6,394 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average cost of $9.85 per share, with a total value of $62,980.90. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $197,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 33,632 shares of company stock valued at $329,866. Insiders own 13.40% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Friday.

About Harvest Capital Credit

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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Dividend History for Harvest Capital Credit (NASDAQ:HCAP)

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