Harvest Capital Credit (NASDAQ:HCAP) posted its quarterly earnings data on Thursday. The investment management company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01), Bloomberg Earnings reports. The company had revenue of $4.06 million during the quarter, compared to analysts’ expectations of $4.03 million. Harvest Capital Credit had a return on equity of 9.62% and a net margin of 7.70%.
NASDAQ:HCAP opened at $10.91 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $70.60 million, a PE ratio of 8.91 and a beta of 0.76. Harvest Capital Credit has a one year low of $9.90 and a one year high of $13.93.
The business also recently disclosed a monthly dividend, which was paid on Thursday, July 26th. Stockholders of record on Thursday, July 19th were paid a $0.095 dividend. The ex-dividend date was Wednesday, July 18th. This represents a $1.14 annualized dividend and a dividend yield of 10.45%. Harvest Capital Credit’s dividend payout ratio (DPR) is 89.06%.
HCAP has been the subject of several analyst reports. TheStreet upgraded Harvest Capital Credit from a “c+” rating to a “b-” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a research note on Monday, July 16th. Finally, ValuEngine upgraded Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.00.
Harvest Capital Credit 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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