Harvest Capital Credit Corporation (NASDAQ:HCAP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Harvest Capital Credit Corporation is a closed-end management investment company. The company invest in the form of subordinated debt, senior debt and minority equity. Harvest Capital Credit Corporation is headquartered in New York, United Sates. “

Separately, Keefe, Bruyette & Woods set a $14.00 price target on shares of Harvest Capital Credit Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 10th.

Shares of Harvest Capital Credit Corporation (HCAP) traded up 0.09% during trading on Tuesday, hitting $13.89. The stock had a trading volume of 14,014 shares. Harvest Capital Credit Corporation has a one year low of $11.99 and a one year high of $14.88. The stock’s 50-day moving average price is $13.17 and its 200 day moving average price is $13.69.

Harvest Capital Credit Corporation (NASDAQ:HCAP) last issued its quarterly earnings results on Wednesday, May 10th. The investment management company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $4.67 million during the quarter, compared to analyst estimates of $5.07 million. Harvest Capital Credit Corporation had a net margin of 42.18% and a return on equity of 11.15%. On average, equities analysts forecast that Harvest Capital Credit Corporation will post $1.36 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its stake in shares of Harvest Capital Credit Corporation by 35.8% in the second quarter. GSA Capital Partners LLP now owns 20,100 shares of the investment management company’s stock valued at $257,000 after buying an additional 5,300 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Harvest Capital Credit Corporation by 25.5% in the second quarter. Janney Montgomery Scott LLC now owns 73,227 shares of the investment management company’s stock valued at $859,000 after buying an additional 14,866 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Harvest Capital Credit Corporation during the fourth quarter valued at about $494,000. Goldman Sachs Group Inc. raised its stake in shares of Harvest Capital Credit Corporation by 18.9% in the first quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after buying an additional 5,772 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Harvest Capital Credit Corporation by 5.2% in the second quarter. Stifel Financial Corp now owns 10,811 shares of the investment management company’s stock valued at $138,000 after buying an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 7.53% of the company’s stock.

About Harvest Capital Credit Corporation

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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