Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson Purchases 15,000 Shares

Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson acquired 15,000 shares of Harvest Capital Credit stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $9.77 per share, with a total value of $146,550.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $195,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of HCAP stock traded down $0.03 on Friday, hitting $9.91. 30,747 shares of the stock were exchanged, compared to its average volume of 15,596. The company has a current ratio of 10.39, a quick ratio of 10.39 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $60.15 million, a P/E ratio of 10.66 and a beta of 0.68. The business has a 50-day moving average of $10.06 and a 200 day moving average of $10.31. Harvest Capital Credit Corp has a fifty-two week low of $9.31 and a fifty-two week high of $11.65.

Harvest Capital Credit (NASDAQ:HCAP) last released its earnings results on Friday, August 9th. The investment management company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Harvest Capital Credit had a return on equity of 6.25% and a net margin of 16.14%. The company had revenue of $2.99 million for the quarter, compared to the consensus estimate of $3.50 million. As a group, research analysts forecast that Harvest Capital Credit Corp will post 0.7 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $0.96 annualized dividend and a yield of 9.69%. Harvest Capital Credit’s dividend payout ratio is 103.23%.

Separately, Zacks Investment Research cut Harvest Capital Credit from a “hold” rating to a “sell” rating in a research report on Friday.

An institutional investor recently raised its position in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,914 shares of the investment management company’s stock after purchasing an additional 1,028 shares during the period. Ladenburg Thalmann Financial Services Inc. owned 0.77% of Harvest Capital Credit worth $495,000 as of its most recent filing with the Securities and Exchange Commission. 8.26% of the stock is owned by institutional investors and hedge funds.

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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