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.

Harvest Capital Credit (NASDAQ:HCAP) last posted its earnings results on Friday, August 9th. The investment management company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Harvest Capital Credit had a return on equity of 6.25% and a net margin of 16.14%. The company had revenue of $2.99 million during the quarter, compared to the consensus estimate of $3.50 million. As a group, sell-side analysts forecast that Harvest Capital Credit will post 0.67 earnings per share for the current fiscal year.

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

Dividend History for Harvest Capital Credit (NASDAQ:HCAP)

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