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.

TRADEMARK VIOLATION WARNING: “Macquarie Group Ltd. Buys New Position in Harvest Capital Credit Corp (HCAP)” was posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.watchlistnews.com/macquarie-group-ltd-buys-new-position-in-harvest-capital-credit-corp-hcap/1765363.html.

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.

Institutional Ownership by Quarter for Harvest Capital Credit (NASDAQ:HCAP)

Receive News & Ratings for Harvest Capital Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit and related companies with MarketBeat.com's FREE daily email newsletter.