Zacks: Analysts Set $6.00 Target Price for Harvest Capital Credit Corp (NASDAQ:HCAP)
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.
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.
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