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%.
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.
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