Harvest Capital Credit Corporation (HCAP) Insider Richard Paul Buckanavage Sells 3,000 Shares
Harvest Capital Credit Corporation (NASDAQ:HCAP) insider Richard Paul Buckanavage sold 3,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $13.65, for a total value of $40,950.00. Following the completion of the transaction, the insider now owns 57,172 shares in the company, valued at $780,397.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Harvest Capital Credit Corporation (NASDAQ HCAP) opened at 13.10 on Wednesday. The stock has a 50 day moving average price of $13.69 and a 200 day moving average price of $13.62. Harvest Capital Credit Corporation has a 52-week low of $11.99 and a 52-week high of $14.88.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last released its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Harvest Capital Credit Corporation had a net margin of 27.50% and a return on equity of 11.71%. The firm had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $5.14 million. Analysts forecast that Harvest Capital Credit Corporation will post $1.44 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 21st will be given a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 10.31%. The ex-dividend date of this dividend is Wednesday, September 20th. Harvest Capital Credit Corporation’s dividend payout ratio is currently 150.00%.
An institutional investor recently raised its position in Harvest Capital Credit Corporation stock. Janney Montgomery Scott LLC increased its stake in shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,221 shares of the investment management company’s stock after buying an additional 1,235 shares during the period. Janney Montgomery Scott LLC owned about 1.14% of Harvest Capital Credit Corporation worth $967,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.79% of the company’s stock.
Several research firms have recently issued reports on HCAP. Zacks Investment Research lowered Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.50 price target on shares of Harvest Capital Credit Corporation in a research report on Friday, August 11th.
Harvest Capital Credit Corporation Company Profile
Harvest Capital Credit Corporation is an externally managed, closed-end, non-diversified management investment company. The Company operates as a business development company and provides customized financing solutions for small to mid-sized companies. Its investment objective is to generate both current income and capital appreciation by making direct investments in the form of subordinated debt, senior debt, and to a lesser extent, minority equity investments in privately-held the United States small to mid-sized companies.
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