Harvest Capital Credit (NASDAQ:HCAP) released its quarterly earnings results on Thursday. The investment management company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01), MarketWatch Earnings reports. Harvest Capital Credit had a net margin of 24.15% and a return on equity of 8.65%. The business had revenue of $4.32 million for the quarter, compared to analysts’ expectations of $4.47 million.

Harvest Capital Credit stock traded up $0.06 during midday trading on Friday, hitting $10.97. The stock had a trading volume of 8,237 shares, compared to its average volume of 19,038. The firm has a market capitalization of $69.99 million, a price-to-earnings ratio of 8.57 and a beta of 0.74. Harvest Capital Credit has a 52-week low of $9.90 and a 52-week high of $12.56. The company has a current ratio of 5.70, a quick ratio of 5.70 and a debt-to-equity ratio of 0.63.

The company also recently announced a dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 23rd will be issued a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. Harvest Capital Credit’s dividend payout ratio is 89.06%.

In other news, CEO Joseph A. Jolson bought 12,995 shares of Harvest Capital Credit stock in a transaction that occurred on Wednesday, October 17th. The stock was bought at an average cost of $10.50 per share, with a total value of $136,447.50. Following the acquisition, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $210,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph A. Jolson bought 7,460 shares of Harvest Capital Credit stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average cost of $10.50 per share, with a total value of $78,330.00. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $210,000. The disclosure for this purchase can be found here. Insiders purchased a total of 29,533 shares of company stock valued at $310,001 over the last three months. 9.30% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Harvest Capital Credit stock. Franklin Square Holdings L.P. acquired a new stake in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 1,350,620 shares of the investment management company’s stock, valued at approximately $29,714,000. Harvest Capital Credit makes up about 33.8% of Franklin Square Holdings L.P.’s holdings, making the stock its biggest position. Franklin Square Holdings L.P. owned about 21.10% of Harvest Capital Credit as of its most recent filing with the SEC. 28.84% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a report on Monday, July 16th. Finally, TheStreet raised shares of Harvest Capital Credit from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.00.

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Harvest Capital Credit Company Profile

Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.

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Earnings History for Harvest Capital Credit (NASDAQ:HCAP)

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