Macquarie Group Ltd. Buys New Position in Harvest Capital Credit Corp (HCAP)
Macquarie Group Ltd. bought a new stake in Harvest Capital Credit Corp (NASDAQ:HCAP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,629 shares of the investment management company’s stock, valued at approximately $503,000. Macquarie Group Ltd. owned 0.59% of Harvest Capital Credit as of its most recent SEC filing.
Separately, Goldman Sachs Group Inc. raised its holdings in shares of Harvest Capital Credit by 18.9% during the first quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after buying an additional 5,772 shares during the last quarter. 5.72% of the stock is currently owned by institutional investors.
In other Harvest Capital Credit news, CFO Craig R. Kitchin sold 12,456 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $12.25, for a total value of $152,586.00. Following the transaction, the chief financial officer now owns 8,694 shares of the company’s stock, valued at $106,501.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jmp Group Llc acquired 2,500 shares of the stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of $11.00 per share, for a total transaction of $27,500.00. The disclosure for this purchase can be found here. Insiders acquired 102,087 shares of company stock worth $1,098,135 in the last ninety days. 9.50% of the stock is owned by corporate insiders.
Harvest Capital Credit Corp (NASDAQ HCAP) opened at $11.00 on Friday. The stock has a market capitalization of $71.37, a price-to-earnings ratio of 7.38 and a beta of 0.67. Harvest Capital Credit Corp has a twelve month low of $10.52 and a twelve month high of $14.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.43.
The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.35 annualized dividend and a dividend yield of 12.27%. Harvest Capital Credit’s dividend payout ratio is currently 287.24%.
HCAP has been the topic of a number of recent analyst reports. ValuEngine cut Harvest Capital Credit from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. TheStreet cut Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th. Finally, Zacks Investment Research cut Harvest Capital Credit from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.
Harvest Capital Credit 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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