Harvest Capital Credit Corporation (NASDAQ:HCAP) – Investment analysts at William Blair lifted their Q3 2017 earnings per share (EPS) estimates for shares of Harvest Capital Credit Corporation in a note issued to investors on Monday. William Blair analyst R. Napoli now expects that the investment management company will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.35. William Blair also issued estimates for Harvest Capital Credit Corporation’s Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.37 EPS and FY2019 earnings at $1.37 EPS.

Harvest Capital Credit Corporation (NASDAQ:HCAP) last announced its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Harvest Capital Credit Corporation had a return on equity of 11.71% and a net margin of 27.50%. The firm had revenue of $5.08 million during the quarter, compared to the consensus estimate of $5.14 million.

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A number of other brokerages have also issued reports on HCAP. Keefe, Bruyette & Woods set a $14.00 target price on shares of Harvest Capital Credit Corporation and gave the company a “hold” rating in a research note on Wednesday, May 10th. Zacks Investment Research lowered shares of Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th.

Shares of Harvest Capital Credit Corporation (HCAP) opened at 13.65 on Wednesday. Harvest Capital Credit Corporation has a one year low of $11.99 and a one year high of $14.88. The company has a 50-day moving average price of $13.60 and a 200 day moving average price of $13.64.

An institutional investor recently raised its position in Harvest Capital Credit Corporation stock. Goldman Sachs Group Inc. raised its stake in shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) by 18.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,344 shares of the investment management company’s stock after buying an additional 5,772 shares during the period. Goldman Sachs Group Inc. owned about 0.57% of Harvest Capital Credit Corporation worth $480,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.27% of the company’s stock.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 21st will be paid a $0.1125 dividend. This represents a $1.35 annualized dividend and a dividend yield of 9.89%. The ex-dividend date of this dividend is Wednesday, September 20th. Harvest Capital Credit Corporation’s payout ratio is presently 150.00%.

Harvest Capital Credit Corporation Company Profile

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.

Earnings History and Estimates for Harvest Capital Credit Corporation (NASDAQ:HCAP)

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