Shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus price target of $15.00 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Harvest Capital Credit an industry rank of 68 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a research report on Wednesday, November 29th. ValuEngine lowered shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $13.50 target price on shares of Harvest Capital Credit in a research report on Friday, August 11th.

In other news, major shareholder Jmp Group Llc bought 60,446 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $10.75 per share, with a total value of $649,794.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Craig R. Kitchin sold 12,456 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $12.25, for a total transaction of $152,586.00. Following the completion of the transaction, the chief financial officer now directly owns 8,694 shares of the company’s stock, valued at approximately $106,501.50. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in Harvest Capital Credit by 21.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,214 shares of the investment management company’s stock valued at $471,000 after purchasing an additional 6,282 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Harvest Capital Credit by 18.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after purchasing an additional 5,772 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Harvest Capital Credit in the 3rd quarter valued at about $503,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Harvest Capital Credit by 3.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 75,974 shares of the investment management company’s stock valued at $996,000 after acquiring an additional 2,753 shares during the last quarter. 5.72% of the stock is owned by hedge funds and other institutional investors.

Harvest Capital Credit (NASDAQ:HCAP) opened at $11.00 on Thursday. Harvest Capital Credit has a 1 year low of $10.52 and a 1 year high of $14.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $71.69, a price-to-earnings ratio of 7.42 and a beta of 0.67.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be given a $0.1125 dividend. The ex-dividend date is Thursday, December 21st. This represents a $1.35 annualized dividend and a dividend yield of 12.27%. Harvest Capital Credit’s dividend payout ratio is presently 287.24%.

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About Harvest Capital Credit

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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