Harvest Capital Credit Corporation (HCAP) CFO Craig R. Kitchin Sells 12,456 Shares

Harvest Capital Credit Corporation (NASDAQ:HCAP) CFO Craig R. Kitchin sold 12,456 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $12.25, for a total value of $152,586.00. Following the completion of the transaction, the chief financial officer now directly owns 8,694 shares in the company, valued at approximately $106,501.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Harvest Capital Credit Corporation (NASDAQ:HCAP) traded down $0.09 during mid-day trading on Friday, reaching $11.83. The company’s stock had a trading volume of 19,866 shares, compared to its average volume of 29,037. Harvest Capital Credit Corporation has a 52 week low of $11.70 and a 52 week high of $14.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $76.65, a P/E ratio of 8.15 and a beta of 0.74.

The company also recently announced 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. This represents a $1.35 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date of this dividend is Thursday, December 21st. Harvest Capital Credit Corporation’s dividend payout ratio is 287.23%.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.themarketsdaily.com/2017/11/18/harvest-capital-credit-corporation-hcap-cfo-craig-r-kitchin-sells-12456-shares.html.

A number of hedge funds have recently bought and sold shares of HCAP. Macquarie Group Ltd. bought a new position in Harvest Capital Credit Corporation in the third quarter valued at about $503,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Harvest Capital Credit Corporation by 21.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,214 shares of the investment management company’s stock valued at $471,000 after acquiring an additional 6,282 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Harvest Capital Credit Corporation by 18.9% in the first quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after acquiring an additional 5,772 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Harvest Capital Credit Corporation by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 75,974 shares of the investment management company’s stock valued at $996,000 after acquiring an additional 2,753 shares during the period. 5.47% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on HCAP. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.50 target price on shares of Harvest Capital Credit Corporation in a report on Friday, August 11th. Zacks Investment Research downgraded Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th.

Harvest Capital Credit Corporation Company 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.

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply