Equities analysts expect Harvest Capital Credit Corp (NASDAQ:HCAP) to post sales of $3.66 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Harvest Capital Credit’s earnings, with estimates ranging from $3.51 million to $3.81 million. Harvest Capital Credit posted sales of $4.32 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.3%. The firm is expected to announce its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that Harvest Capital Credit will report full year sales of $13.87 million for the current year, with estimates ranging from $13.39 million to $14.35 million. For the next financial year, analysts anticipate that the company will report sales of $18.65 million, with estimates ranging from $17.47 million to $19.83 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Harvest Capital Credit.
Harvest Capital Credit (NASDAQ:HCAP) last posted its earnings results on Friday, August 9th. The investment management company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Harvest Capital Credit had a return on equity of 6.15% and a net margin of 16.14%. The business had revenue of $2.99 million during the quarter, compared to analysts’ expectations of $3.50 million.
Shares of HCAP stock traded up $0.01 during trading hours on Friday, reaching $10.01. The stock had a trading volume of 9,645 shares, compared to its average volume of 14,416. The stock has a fifty day simple moving average of $10.29. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. Harvest Capital Credit has a 12 month low of $9.31 and a 12 month high of $11.65. The firm has a market capitalization of $60.76 million, a price-to-earnings ratio of 10.76 and a beta of 0.67.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend is Wednesday, August 21st. Harvest Capital Credit’s dividend payout ratio is presently 103.23%.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC lifted its holdings in Harvest Capital Credit Corp (NASDAQ:HCAP) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,530 shares of the investment management company’s stock after buying an additional 2,169 shares during the quarter. Acadian Asset Management LLC owned approximately 0.40% of Harvest Capital Credit worth $256,000 as of its most recent SEC filing. Institutional investors own 8.11% of the company’s stock.
About Harvest Capital Credit
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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