Insider Buying: Harvest Capital Credit Corp Director Buys $101,808 in Stock (HCAP)
Harvest Capital Credit Corp (NASDAQ:HCAP) Director Richard Anthony Sebastiao acquired 7,070 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $101,808.00. Following the transaction, the director now directly owns 7,070 shares of the company’s stock, valued at approximately $101,808. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) traded up 0.14% during mid-day trading on Monday, hitting $14.02. 56,264 shares of the company’s stock traded hands. Harvest Capital Credit Corp has a 52 week low of $13.55 and a 52 week high of $15.66. The stock has a 50-day moving average of $14.55 and a 200-day moving average of $14.71. The company has a market cap of $86.6 million and a P/E ratio of 15.62.
Harvest Capital Credit Corp (NASDAQ:HCAP) last released its earnings data on Wednesday, August 13th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. On average, analysts predict that Harvest Capital Credit Corp will post $1.38 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 25th will be given a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date of this dividend is Thursday, August 21st.
HCAP has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Harvest Capital Credit Corp from $16.00 to $15.50 in a research note on Thursday. They now have an “outperform” rating on the stock. 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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