Harvest Capital Credit (NASDAQ:HCAP) issued its earnings results on Friday. The investment management company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02), Bloomberg Earnings reports. Harvest Capital Credit had a return on equity of 7.08% and a net margin of 19.75%. The business had revenue of $2.99 million for the quarter, compared to the consensus estimate of $3.50 million.
Shares of NASDAQ HCAP traded down $0.17 during midday trading on Friday, hitting $9.96. 14,841 shares of the company’s stock were exchanged, compared to its average volume of 11,377. 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 business has a 50 day moving average of $10.32. The company has a market capitalization of $61.45 million, a price-to-earnings ratio of 10.71 and a beta of 0.67.
Separately, Zacks Investment Research upgraded Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st.
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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