Harvest Capital Credit Corporation (HCAP) to Release Earnings on Tuesday
Harvest Capital Credit Corporation (NASDAQ:HCAP) will be posting its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Harvest Capital Credit Corporation to post earnings of $0.38 per share for the quarter.
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 return on equity of 11.71% and a net margin of 27.50%. The business had revenue of $5.08 million for the quarter, compared to analyst estimates of $5.14 million. On average, analysts expect Harvest Capital Credit Corporation to post $1.44 EPS for the current fiscal year and $1.36 EPS for the next fiscal year.
Harvest Capital Credit Corporation (HCAP) traded down 1.8154% on Tuesday, hitting $13.0291. The stock had a trading volume of 17,263 shares. Harvest Capital Credit Corporation has a 12-month low of $11.99 and a 12-month high of $14.88. The company has a 50 day moving average of $13.47 and a 200 day moving average of $13.43.
In related news, insider Richard Paul Buckanavage sold 3,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 57,172 shares of the company’s stock, valued at $780,397.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.50% of the company’s stock.
HCAP has been the topic of several 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 reissued a “hold” rating and issued a $13.50 price objective on shares of Harvest Capital Credit Corporation in a research note on Friday, August 11th.
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.
Receive News & Ratings for Harvest Capital Credit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit Corporation and related companies with MarketBeat.com's FREE daily email newsletter.