Harvest Capital Credit Corporation (NASDAQ:HCAP) major shareholder Jmp Group Llc acquired 2,500 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $11.00 per share, with a total value of $27,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Jmp Group Llc also recently made the following trade(s):

  • On Tuesday, December 5th, Jmp Group Llc acquired 300 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $11.00 per share, with a total value of $3,300.00.
  • On Wednesday, November 29th, Jmp Group Llc acquired 38,841 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.75 per share, with a total value of $417,540.75.
  • On Friday, December 1st, Jmp Group Llc acquired 60,446 shares of Harvest Capital Credit stock. The stock was acquired at an average cost of $10.75 per share, with a total value of $649,794.50.

Harvest Capital Credit Corporation (HCAP) remained flat at $$11.00 during midday trading on Thursday. 32,438 shares of the company traded hands, compared to its average volume of 30,165. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.43. Harvest Capital Credit Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $14.88. The firm has a market cap of $71.69, a PE 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. Stockholders of record on Friday, December 22nd will be paid a $0.1125 dividend. This represents a $1.35 annualized dividend and a dividend yield of 12.27%. The ex-dividend date of this dividend is Thursday, December 21st. Harvest Capital Credit’s payout ratio is 287.24%.

A number of institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. lifted its stake in Harvest Capital Credit by 21.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,214 shares of the investment management company’s stock worth $471,000 after acquiring an additional 6,282 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Harvest Capital Credit in the third quarter worth approximately $503,000. Janney Montgomery Scott LLC lifted its stake in Harvest Capital Credit by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 75,974 shares of the investment management company’s stock worth $996,000 after acquiring an additional 2,753 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Harvest Capital Credit by 18.9% in the first quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock worth $480,000 after acquiring an additional 5,772 shares during the last quarter. Institutional investors own 5.72% of the company’s stock.

Several research firms have recently commented on HCAP. TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a research note on Wednesday, November 29th. ValuEngine lowered shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.50 price objective on shares of Harvest Capital Credit in a research note on Friday, August 11th.

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Harvest Capital Credit 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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