Zacks: Analysts Expect Harvest Capital Credit Corp (HCAP) to Announce $0.30 Earnings Per Share

Analysts predict that Harvest Capital Credit Corp (NASDAQ:HCAP) will report earnings of $0.30 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Harvest Capital Credit’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.31. Harvest Capital Credit posted earnings per share of $0.39 in the same quarter last year, which suggests a negative year-over-year growth rate of 23.1%. The business is expected to issue its next earnings results on Wednesday, March 21st.

On average, analysts expect that Harvest Capital Credit will report full-year earnings of $1.39 per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $1.34 per share, with EPS estimates ranging from $1.33 to $1.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Harvest Capital Credit.

Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). Harvest Capital Credit had a return on equity of 11.04% and a net margin of 14.76%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a research note on Wednesday, November 29th. Finally, ValuEngine lowered shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th.

Harvest Capital Credit (HCAP) traded down $0.15 on Friday, reaching $11.58. 15,232 shares of the company traded hands, compared to its average volume of 34,533. The company has a market cap of $73.33, a PE ratio of 24.64 and a beta of 0.66. Harvest Capital Credit has a 1-year low of $10.51 and a 1-year high of $14.65. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.39.

The firm also recently declared a monthly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were given a $0.1125 dividend. This represents a $1.35 annualized dividend and a yield of 11.66%. The ex-dividend date was Thursday, December 21st. Harvest Capital Credit’s dividend payout ratio (DPR) is currently 287.23%.

In other Harvest Capital Credit news, insider Richard Paul Buckanavage sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now directly owns 49,272 shares of the company’s stock, valued at $542,484.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jmp Group Llc acquired 60,446 shares of the company’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of $10.75 per share, for a total transaction of $649,794.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 142,566 shares of company stock valued at $1,541,218. 9.50% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Harvest Capital Credit stock. Macquarie Group Ltd. acquired a new position in Harvest Capital Credit Corp (NASDAQ:HCAP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,629 shares of the investment management company’s stock, valued at approximately $503,000. Macquarie Group Ltd. owned 0.59% of Harvest Capital Credit as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.72% of the company’s stock.

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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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