Harvest Capital Credit Corp Given New $15.50 Price Target at Keefe, Bruyette & Woods (HCAP)
Equities research analysts at Keefe, Bruyette & Woods reduced their price target on shares of Harvest Capital Credit Corp (NASDAQ:HCAP) from $16.00 to $15.50 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 10.01% from the stock’s previous close.
Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) traded up 0.35% during mid-day trading on Thursday, hitting $14.14. 31,039 shares of the company’s stock traded hands. Harvest Capital Credit Corp has a one year low of $13.55 and a one year high of $15.66. The stock’s 50-day moving average is $14.59 and its 200-day moving average is $14.72. The company has a market cap of $87.3 million and a P/E ratio of 15.73.
Harvest Capital Credit Corp (NASDAQ:HCAP) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.03. On average, analysts predict that Harvest Capital Credit Corp will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, August 29th. Investors of record on Monday, August 25th will be paid a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 9.58%. The ex-dividend date is Thursday, August 21st.
Separately, analysts at Zacks upgraded shares of Harvest Capital Credit Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $15.10 price target on the stock.
Harvest Capital Credit Corporation is an externally managed, non-diversified, closed-end management investment company.
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