Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson purchased 6,078 shares of Harvest Capital Credit stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $9.85 per share, with a total value of $59,868.30. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $197,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

Harvest Capital Credit (NASDAQ:HCAP) last released its quarterly earnings data on Friday, August 9th. The investment management company reported $0.14 EPS for the quarter, missing the 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 business had revenue of $2.99 million for the quarter, compared to analysts’ expectations of $3.50 million. On average, equities analysts predict that Harvest Capital Credit Corp will post 0.7 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 19th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.96 annualized dividend and a dividend yield of 9.69%. Harvest Capital Credit’s dividend payout ratio (DPR) is presently 103.23%.

An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC lifted its holdings in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,530 shares of the investment management company’s stock after buying an additional 2,169 shares during the period. Acadian Asset Management LLC owned approximately 0.40% of Harvest Capital Credit worth $256,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.26% of the company’s stock.

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

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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