Harvest Capital Credit Corporation (HCAP) Insider Richard Paul Buckanavage Sells 3,000 Shares
Harvest Capital Credit Corporation (NASDAQ:HCAP) insider Richard Paul Buckanavage sold 3,000 shares of Harvest Capital Credit Corporation stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $13.65, for a total value of $40,950.00. Following the transaction, the insider now owns 57,172 shares of the company’s stock, valued at $780,397.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Harvest Capital Credit Corporation (NASDAQ HCAP) traded up 1.47% during mid-day trading on Tuesday, hitting $13.10. The stock had a trading volume of 37,202 shares. Harvest Capital Credit Corporation has a 12-month low of $11.99 and a 12-month high of $14.88. The stock has a 50-day moving average price of $13.69 and a 200 day moving average price of $13.62.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last posted its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The company had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $5.14 million. Harvest Capital Credit Corporation had a return on equity of 11.71% and a net margin of 27.50%. On average, equities research analysts predict that Harvest Capital Credit Corporation will post $1.44 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Thursday, September 28th. Shareholders 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 10.31%. Harvest Capital Credit Corporation’s dividend payout ratio is currently 150.00%.
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Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.50 price objective on shares of Harvest Capital Credit Corporation in a research report on Friday, August 11th.
An institutional investor recently raised its position in Harvest Capital Credit Corporation stock. Goldman Sachs Group Inc. increased its stake in shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) by 18.9% during the first quarter, according to its most recent filing with the SEC. 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 approximately 0.57% of Harvest Capital Credit Corporation worth $480,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.79% of the company’s stock.
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.
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