Harvest Capital Credit Corp (HCAP) Expected to Announce Quarterly Sales of $3.39 Million
Equities analysts expect Harvest Capital Credit Corp (NASDAQ:HCAP) to post $3.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Harvest Capital Credit’s earnings, with the highest sales estimate coming in at $3.44 million and the lowest estimate coming in at $3.34 million. Harvest Capital Credit posted sales of $3.74 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The business is expected to report its next quarterly earnings results on Thursday, May 9th.
According to Zacks, analysts expect that Harvest Capital Credit will report full-year sales of $15.92 million for the current year, with estimates ranging from $14.96 million to $16.88 million. For the next fiscal year, analysts forecast that the company will report sales of $20.10 million, with estimates ranging from $18.60 million to $21.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Harvest Capital Credit.
Harvest Capital Credit (NASDAQ:HCAP) last released its quarterly earnings data on Friday, March 15th. The investment management company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Harvest Capital Credit had a return on equity of 7.51% and a net margin of 31.31%. The firm had revenue of $4.07 million for the quarter, compared to analysts’ expectations of $3.90 million.
HCAP traded down $0.05 during trading hours on Thursday, reaching $10.56. The company’s stock had a trading volume of 8,371 shares, compared to its average volume of 18,661. Harvest Capital Credit has a fifty-two week low of $9.31 and a fifty-two week high of $11.65. The stock has a market capitalization of $65.85 million, a PE ratio of 11.35 and a beta of 0.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 14.87 and a current ratio of 14.87.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 18th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Wednesday, April 17th. Harvest Capital Credit’s dividend payout ratio is presently 103.23%.
In other Harvest Capital Credit news, CEO Joseph A. Jolson acquired 13,660 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were purchased at an average cost of $9.84 per share, for a total transaction of $134,414.40. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $196,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.30% of the company’s stock.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC increased its stake in Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,361 shares of the investment management company’s stock after acquiring an additional 14,936 shares during the period. Acadian Asset Management LLC owned approximately 0.35% of Harvest Capital Credit worth $225,000 at the end of the most recent reporting period. 9.38% of the stock is owned by hedge funds and other institutional investors.
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: Compound Interest and Why It Matters When Investing
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.