Equities research analysts expect Harvest Capital Credit Corp (NASDAQ:HCAP) to announce earnings per share of $0.30 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Harvest Capital Credit’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Harvest Capital Credit posted earnings of $0.39 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The business is scheduled to report its next quarterly 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 financial year. For the next year, analysts anticipate that the company will report earnings of $1.26 per share, with EPS estimates ranging from $1.17 to $1.35. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Harvest Capital Credit.
Several research firms have commented on HCAP. Zacks Investment Research raised shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Janney Montgomery Scott lowered shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. ValuEngine lowered shares of Harvest Capital Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.50.
The business also recently declared a monthly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 10.59%. The ex-dividend date of this dividend is Monday, March 19th. Harvest Capital Credit’s dividend payout ratio (DPR) is presently 287.24%.
In related news, insider Richard Paul Buckanavage sold 5,000 shares of Harvest Capital Credit stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now directly owns 49,272 shares of the company’s stock, valued at approximately $542,484.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jmp Group Llc purchased 38,841 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $10.75 per share, for a total transaction of $417,540.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 155,422 shares of company stock worth $1,678,526 over the last ninety days. 9.50% of the stock is currently owned by insiders.
An institutional investor recently bought a new position in Harvest Capital Credit stock. Macquarie Group Ltd. purchased a new stake in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 37,629 shares of the investment management company’s stock, valued at approximately $503,000. Macquarie Group Ltd. owned about 0.59% of Harvest Capital Credit at the end of the most recent quarter. Hedge funds and other institutional investors own 5.71% 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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