Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson Purchases 6,808 Shares

Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson purchased 6,808 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were acquired at an average cost of $9.80 per share, with a total value of $66,718.40. Following the completion of the acquisition, the chief executive officer now directly owns 20,000 shares in the company, valued at $196,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NASDAQ HCAP traded up $0.18 during trading on Tuesday, reaching $9.93. 238 shares of the company’s stock were exchanged, compared to its average volume of 11,512. The stock has a market cap of $61.00 million, a P/E ratio of 10.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 10.39 and a current ratio of 10.39. The company has a 50 day moving average price of $9.96 and a two-hundred day moving average price of $10.27. Harvest Capital Credit Corp has a 1 year low of $9.31 and a 1 year high of $11.65.

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 Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Harvest Capital Credit had a net margin of 16.14% and a return on equity of 6.25%. The firm had revenue of $2.99 million during the quarter, compared to analysts’ expectations of $3.50 million. Research analysts forecast that Harvest Capital Credit Corp will post 0.67 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th were issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 9.67%. The ex-dividend date of this dividend was Wednesday, September 18th. Harvest Capital Credit’s payout ratio is currently 103.23%.

An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC increased its position in Harvest Capital Credit Corp (NASDAQ:HCAP) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 24,530 shares of the investment management company’s stock after purchasing an additional 2,169 shares during the period. Acadian Asset Management LLC owned 0.40% of Harvest Capital Credit worth $256,000 at the end of the most recent quarter. Institutional investors own 8.25% of the company’s stock.

Separately, Zacks Investment Research raised Harvest Capital Credit from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st.

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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