Zacks Investment Research upgraded shares of Harvest Capital Credit (NASDAQ:HCAP) from a hold rating to a buy rating in a research note issued to investors on Friday. The brokerage currently has $12.00 price target on the investment management company’s stock.
According to Zacks, “Harvest Capital Credit Corporation is a closed-end management investment company. The company invest in the form of subordinated debt, senior debt and minority equity. Harvest Capital Credit Corporation is headquartered in New York, United Sates. “
Shares of NASDAQ:HCAP opened at $11.16 on Friday. The company has a current ratio of 9.73, a quick ratio of 9.73 and a debt-to-equity ratio of 0.68. Harvest Capital Credit has a twelve month low of $9.31 and a twelve month high of $11.65. The company has a market cap of $71.54 million, a PE ratio of 8.72 and a beta of 0.73.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC lifted its position in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 201.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,361 shares of the investment management company’s stock after purchasing an additional 14,936 shares during the quarter. Acadian Asset Management LLC owned 0.35% of Harvest Capital Credit worth $225,000 at the end of the most recent reporting period. Institutional investors own 8.97% of the company’s stock.
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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