Brokerages Anticipate Harvest Capital Credit Corp (NASDAQ:HCAP) to Announce $0.19 EPS

Harvest Capital Credit Corp (NASDAQ:HCAP) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 12-month consensus price objective of $10.50 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Harvest Capital Credit an industry rank of 16 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 9th.

HCAP traded up $0.04 on Friday, hitting $8.57. 25,902 shares of the company’s stock were exchanged, compared to its average volume of 17,684. The company has a current ratio of 10.90, a quick ratio of 10.90 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average of $8.89 and a two-hundred day moving average of $9.38. Harvest Capital Credit has a twelve month low of $8.49 and a twelve month high of $10.80. The firm has a market cap of $52.18 million, a PE ratio of 95.22 and a beta of 0.68.

A hedge fund recently raised its stake in Harvest Capital Credit stock. Gables Capital Management Inc. increased its stake in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,616 shares of the investment management company’s stock after buying an additional 1,384 shares during the quarter. Harvest Capital Credit comprises approximately 1.1% of Gables Capital Management Inc.’s holdings, making the stock its 28th largest position. Gables Capital Management Inc. owned 3.28% of Harvest Capital Credit worth $1,710,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.05% 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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