Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus price target of $6.00 for the company and are predicting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Harvest Capital Credit an industry rank of 40 out of 254 based on the ratings given to its competitors.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Harvest Capital Credit from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 30th. TheStreet lowered shares of Harvest Capital Credit from a “c-” rating to a “d+” rating in a research note on Thursday, April 2nd. Finally, Zacks Investment Research lowered shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Tuesday, June 16th.

Shares of Harvest Capital Credit stock remained flat at $$4.26 during trading on Friday. The company had a trading volume of 15,939 shares, compared to its average volume of 29,824. The stock has a 50 day moving average of $4.12 and a 200-day moving average of $6.56. The firm has a market capitalization of $25.38 million, a PE ratio of -5.13 and a beta of 0.75. Harvest Capital Credit has a fifty-two week low of $2.66 and a fifty-two week high of $10.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 14.00 and a quick ratio of 14.00.

Harvest Capital Credit (NASDAQ:HCAP) last issued its quarterly earnings results on Wednesday, May 13th. The investment management company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Harvest Capital Credit had a negative net margin of 38.27% and a positive return on equity of 6.00%. The firm had revenue of $3.29 million for the quarter, compared to analyst estimates of $3.46 million. Sell-side analysts forecast that Harvest Capital Credit will post 0.61 EPS for the current fiscal year.

In other news, CEO Joseph A. Jolson acquired 14,799 shares of the stock in a transaction dated Wednesday, April 1st. The shares were bought at an average cost of $4.00 per share, for a total transaction of $59,196.00. Following the purchase, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $120,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 55,763 shares of company stock worth $230,881 over the last 90 days. 15.70% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Harvest Capital Credit stock. Advisor Group Holdings Inc. acquired a new position in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 39,664 shares of the investment management company’s stock, valued at approximately $197,000. Advisor Group Holdings Inc. owned about 0.67% of Harvest Capital Credit at the end of the most recent reporting period. Institutional investors and hedge funds own 8.30% of the company’s stock.

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.

Featured Story: What does an outperform rating mean?

Get a free copy of the Zacks research report on Harvest Capital Credit (HCAP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Harvest Capital Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit and related companies with MarketBeat.com's FREE daily email newsletter.