Harvest Capital Credit Corporation (HCAP) to Issue Monthly Dividend of $0.11 on September 28th
Harvest Capital Credit Corporation (NASDAQ:HCAP) announced a monthly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Thursday, September 21st will be given a dividend of 0.1125 per share by the investment management company on Thursday, September 28th. This represents a $1.35 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Wednesday, September 20th.
Shares of Harvest Capital Credit Corporation (NASDAQ HCAP) opened at 13.64 on Tuesday. Harvest Capital Credit Corporation has a 1-year low of $11.99 and a 1-year high of $14.88. The company’s 50-day moving average is $13.46 and its 200-day moving average is $13.52.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last released its quarterly earnings results 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. On average, equities analysts predict that Harvest Capital Credit Corporation will post $1.44 earnings per share for the current fiscal year.
HCAP has been the topic of several recent research reports. Zacks Investment Research raised shares of Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $13.50 target price on shares of Harvest Capital Credit Corporation in a research note on Friday, August 11th.
In other Harvest Capital Credit Corporation news, insider Richard Paul Buckanavage sold 3,000 shares of Harvest Capital Credit Corporation stock in a transaction on Friday, August 25th. The shares were sold at an average price of $13.65, for a total transaction of $40,950.00. Following the sale, the insider now owns 57,172 shares of the company’s stock, valued at approximately $780,397.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.50% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.watchlistnews.com/harvest-capital-credit-corporation-hcap-to-issue-monthly-dividend-of-0-11-on-september-28th/1572952.html.
About Harvest Capital Credit Corporation
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.
Receive News & Ratings for Harvest Capital Credit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.