Analysts Anticipate Harvest Capital Credit Corp (HCAP) to Announce $0.30 EPS

Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) have earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1 year consensus target price of $15.00 for the company and are expecting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given Harvest Capital Credit an industry rank of 60 out of 265 based on the ratings given to its competitors.

Several equities research analysts recently issued reports on HCAP shares. ValuEngine downgraded Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Zacks Investment Research downgraded Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, TheStreet downgraded Harvest Capital Credit from a “b-” rating to a “c+” rating in a research note on Wednesday, November 29th.

In other Harvest Capital Credit news, CFO Craig R. Kitchin sold 12,456 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $12.25, for a total value of $152,586.00. Following the transaction, the chief financial officer now directly owns 8,694 shares of the company’s stock, valued at approximately $106,501.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Jmp Group Llc bought 2,500 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $27,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 142,566 shares of company stock valued at $1,541,218. Company insiders own 9.50% of the company’s stock.

An institutional investor recently raised its position in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. grew its position in Harvest Capital Credit Corp (NASDAQ:HCAP) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,214 shares of the investment management company’s stock after purchasing an additional 6,282 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.54% of Harvest Capital Credit worth $471,000 at the end of the most recent quarter. 5.72% of the stock is currently owned by institutional investors.

Shares of Harvest Capital Credit (NASDAQ HCAP) traded up $0.16 during midday trading on Tuesday, hitting $11.50. The stock had a trading volume of 20,600 shares, compared to its average volume of 27,444. Harvest Capital Credit has a twelve month low of $10.52 and a twelve month high of $14.65. The stock has a market capitalization of $73.77, a P/E ratio of 24.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 1.43.

Harvest Capital Credit (NASDAQ:HCAP) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). Harvest Capital Credit had a net margin of 14.76% and a return on equity of 11.04%. research analysts anticipate that Harvest Capital Credit will post 1.39 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 22nd were paid a $0.1125 dividend. This represents a $1.35 annualized dividend and a yield of 11.74%. The ex-dividend date was Thursday, December 21st. Harvest Capital Credit’s dividend payout ratio is currently 287.23%.

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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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