Harvest Capital Credit Corp (HCAP) To Go Ex-Dividend on September 18th
Harvest Capital Credit Corp (NASDAQ:HCAP) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, September 19th will be paid a dividend of 0.08 per share by the investment management company on Thursday, September 26th. This represents a $0.96 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend is Wednesday, September 18th.
Harvest Capital Credit has decreased its dividend by an average of 5.0% annually over the last three years. Harvest Capital Credit has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Harvest Capital Credit to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 98.0%.
HCAP stock opened at $10.05 on Monday. The firm has a 50 day moving average price of $10.01 and a 200-day moving average price of $10.29. Harvest Capital Credit has a 52-week low of $9.31 and a 52-week high of $11.65. The firm has a market capitalization of $60.64 million, a price-to-earnings ratio of 10.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 10.39 and a current ratio of 10.39.
In other Harvest Capital Credit news, CEO Joseph A. Jolson acquired 15,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $9.77 per share, with a total value of $146,550.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $195,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph A. Jolson acquired 6,078 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $9.85 per share, with a total value of $59,868.30. Following the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $197,000. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 33,632 shares of company stock valued at $329,866. 13.40% of the stock is currently owned by insiders.
Separately, Zacks Investment Research raised shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a research report on Friday.
About Harvest Capital Credit
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.
Further Reading: Rule of 72
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