Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokers have set a twelve-month consensus price objective of $10.50 for the company and are forecasting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Harvest Capital Credit an industry rank of 101 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.

In related news, CEO Joseph A. Jolson purchased 19,658 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was purchased at an average cost of $9.63 per share, with a total value of $189,306.54. Following the completion of the purchase, the chief executive officer now owns 20,000 shares in the company, valued at approximately $192,600. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph A. Jolson purchased 6,923 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was bought at an average cost of $9.59 per share, with a total value of $66,391.57. Following the completion of the purchase, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $191,800. The disclosure for this purchase can be found here. Insiders acquired 70,204 shares of company stock worth $677,420 in the last 90 days. Company insiders own 9.30% of the company’s stock.

An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC raised its stake in Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,361 shares of the investment management company’s stock after purchasing an additional 14,936 shares during the period. Acadian Asset Management LLC owned 0.35% of Harvest Capital Credit worth $225,000 as of its most recent SEC filing. 9.16% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ HCAP traded up $0.04 during trading hours on Friday, hitting $10.19. 11,085 shares of the stock were exchanged, compared to its average volume of 24,563. The company has a current ratio of 9.73, a quick ratio of 9.73 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $65.06 million, a price-to-earnings ratio of 7.96 and a beta of 0.71. Harvest Capital Credit has a 1-year low of $9.31 and a 1-year high of $11.65.

The business also recently announced a monthly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th will be given a $0.08 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.96 dividend on an annualized basis and a yield of 9.42%. Harvest Capital Credit’s dividend payout ratio is currently 75.00%.

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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