Harvest Capital Credit Corporation (NASDAQ:HCAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

According to Zacks, “Harvest Capital Credit Corporation is a closed-end management investment company. The company invest in the form of subordinated debt, senior debt and minority equity. Harvest Capital Credit Corporation is headquartered in New York, United Sates. “

Separately, Keefe, Bruyette & Woods set a $14.00 price target on shares of Harvest Capital Credit Corporation and gave the company a “hold” rating in a research report on Wednesday, May 10th.

Harvest Capital Credit Corporation (NASDAQ:HCAP) traded down 1.11% on Friday, hitting $13.37. The stock had a trading volume of 29,356 shares. Harvest Capital Credit Corporation has a 1-year low of $11.99 and a 1-year high of $14.88. The company’s 50 day moving average is $13.59 and its 200-day moving average is $13.66.

Harvest Capital Credit Corporation (NASDAQ:HCAP) last issued its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.06. The business had revenue of $5.08 million for the quarter, compared to analysts’ expectations of $5.14 million. Harvest Capital Credit Corporation had a net margin of 27.50% and a return on equity of 11.62%. On average, equities research analysts forecast that Harvest Capital Credit Corporation will post $1.41 EPS for the current fiscal year.

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An institutional investor recently raised its position in Harvest Capital Credit Corporation stock. Janney Montgomery Scott LLC boosted its position in shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) by 1.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 73,221 shares of the investment management company’s stock after buying an additional 1,235 shares during the period. Janney Montgomery Scott LLC owned approximately 1.14% of Harvest Capital Credit Corporation worth $967,000 as of its most recent SEC filing. 7.28% of the stock is currently owned by hedge funds and other institutional investors.

Harvest Capital Credit Corporation Company Profile

Harvest Capital Credit Corporation is an externally managed, closed-end, non-diversified management investment company. The Company operates as a business development company and provides customized financing solutions for small to mid-sized companies. Its investment objective is to generate both current income and capital appreciation by making direct investments in the form of subordinated debt, senior debt, and to a lesser extent, minority equity investments in privately-held the United States small to mid-sized companies.

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