Harvest Capital Credit Corp (HCAP) Declares $0.10 Monthly Dividend

Harvest Capital Credit Corp (NASDAQ:HCAP) announced a monthly dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be paid a dividend of 0.095 per share by the investment management company on Tuesday, March 27th. This represents a $1.14 annualized dividend and a yield of 11.17%. The ex-dividend date is Monday, March 19th.

Shares of Harvest Capital Credit (HCAP) traded down $1.37 during mid-day trading on Friday, reaching $10.21. 191,726 shares of the company traded hands, compared to its average volume of 31,340. Harvest Capital Credit has a 52 week low of $10.03 and a 52 week 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 stock has a market capitalization of $72.81, a PE ratio of 21.72 and a beta of 0.69.

Harvest Capital Credit (NASDAQ:HCAP) last issued its earnings results on Tuesday, November 7th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Harvest Capital Credit had a return on equity of 11.04% and a net margin of 14.76%. The company had revenue of $4.82 million during the quarter, compared to analysts’ expectations of $5.00 million. analysts predict that Harvest Capital Credit will post 1.39 EPS for the current year.

In other Harvest Capital Credit news, CFO Craig R. Kitchin sold 12,456 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were 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 in the company, valued at $106,501.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jmp Group Llc purchased 38,841 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of $10.75 per share, for a total transaction of $417,540.75. The disclosure for this purchase can be found here. Insiders purchased 142,566 shares of company stock worth $1,541,218 in the last 90 days. 9.50% of the stock is currently owned by corporate insiders.

HCAP has been the topic of several research reports. ValuEngine cut shares of Harvest Capital Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet cut shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Janney Montgomery Scott cut shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a report on Friday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

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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.

Dividend History for Harvest Capital Credit (NASDAQ:HCAP)

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