Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $9.77 per share, for a total transaction of $146,550.00. Following the purchase, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $195,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of HCAP traded up $0.06 during midday trading on Friday, hitting $9.91. The stock had a trading volume of 45,137 shares, compared to its average volume of 16,380. Harvest Capital Credit Corp has a 1 year low of $9.31 and a 1 year high of $11.65. The firm has a market cap of $59.79 million, a PE ratio of 12.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 10.39 and a quick ratio of 10.39. The stock’s 50 day moving average is $10.05 and its 200 day moving average is $10.30.

Harvest Capital Credit (NASDAQ:HCAP) last announced its earnings results on Friday, August 9th. The investment management company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Harvest Capital Credit had a net margin of 16.14% and a return on equity of 6.25%. The firm had revenue of $2.99 million during the quarter, compared to analysts’ expectations of $3.50 million. As a group, equities research analysts expect that Harvest Capital Credit Corp will post 0.7 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 9.69%. The ex-dividend date is Wednesday, September 18th. Harvest Capital Credit’s dividend payout ratio is currently 103.23%.

Separately, Zacks Investment Research downgraded shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Friday.

A hedge fund recently raised its stake in Harvest Capital Credit stock. Acadian Asset Management LLC increased its holdings in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,530 shares of the investment management company’s stock after buying an additional 2,169 shares during the quarter. Acadian Asset Management LLC owned 0.40% of Harvest Capital Credit worth $256,000 as of its most recent SEC filing. Institutional investors own 8.26% of the company’s stock.

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.

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