Zacks: Brokerages Expect Harvest Capital Credit Corporation (HCAP) to Post $0.38 EPS
Equities research analysts expect that Harvest Capital Credit Corporation (NASDAQ:HCAP) will announce earnings per share (EPS) of $0.38 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Harvest Capital Credit Corporation’s earnings, with estimates ranging from $0.36 to $0.39. Harvest Capital Credit Corporation posted earnings of $0.47 per share during the same quarter last year, which suggests a negative year over year growth rate of 19.1%. The firm is expected to announce its next earnings results before the market opens on Tuesday, November 7th.
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 expect that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.35 to $1.37. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Harvest Capital Credit Corporation.
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, 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 during the quarter, compared to analyst estimates of $5.14 million.
A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.50 price objective on shares of Harvest Capital Credit Corporation in a report on Friday, August 11th. Zacks Investment Research raised shares of Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th.
Harvest Capital Credit Corporation (NASDAQ HCAP) opened at 13.70 on Thursday. The company has a 50-day moving average of $13.39 and a 200 day moving average of $13.42. Harvest Capital Credit Corporation has a 52-week low of $11.99 and a 52-week high of $14.88.
The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were issued a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend was Wednesday, September 20th. Harvest Capital Credit Corporation’s dividend payout ratio is currently 150.00%.
In other news, insider Richard Paul Buckanavage sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $13.65, for a total transaction of $40,950.00. Following the completion of the sale, the insider now owns 57,172 shares of the company’s stock, valued at approximately $780,397.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.50% of the company’s stock.
A hedge fund recently raised its stake in Harvest Capital Credit Corporation stock. Janney Montgomery Scott LLC increased its stake in shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,974 shares of the investment management company’s stock after purchasing an additional 2,753 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Harvest Capital Credit Corporation were worth $996,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.79% 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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