Harvest Capital Credit Corporation (HCAP) Expected to Announce Earnings of $0.38 Per Share
Wall Street analysts forecast that Harvest Capital Credit Corporation (NASDAQ:HCAP) will report earnings of $0.38 per share for the current quarter, Zacks reports. Two analysts have made estimates for Harvest Capital Credit Corporation’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.39. Harvest Capital Credit Corporation posted earnings per share of $0.47 in the same quarter last year, which would indicate a negative year over year growth rate of 19.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Harvest Capital Credit Corporation will report full-year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.45. For the next financial year, analysts forecast that the company will report earnings of $1.36 per share, with EPS estimates ranging from $1.35 to $1.37. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Harvest Capital Credit Corporation.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last posted its earnings results on Wednesday, August 9th. The investment management company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. Harvest Capital Credit Corporation had a net margin of 27.50% and a return on equity of 11.71%. The firm had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $5.14 million.
HCAP has been the subject of several research analyst reports. Zacks Investment Research raised shares of Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods set a $14.00 price objective on shares of Harvest Capital Credit Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 10th.
A hedge fund recently raised its stake in Harvest Capital Credit Corporation stock. Goldman Sachs Group Inc. boosted its position in Harvest Capital Credit Corporation (NASDAQ:HCAP) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.27% of the company’s stock.
Harvest Capital Credit Corporation (HCAP) traded down 0.87% during midday trading on Thursday, hitting $13.74. 11,931 shares of the company were exchanged. The stock has a 50 day moving average of $13.62 and a 200-day moving average of $13.64. Harvest Capital Credit Corporation has a 1-year low of $11.99 and a 1-year high of $14.88.
The firm also recently declared a monthly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 21st will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.35 annualized dividend and a dividend yield of 9.74%. Harvest Capital Credit Corporation’s dividend payout ratio is currently 150.00%.
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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