Janney Montgomery Scott LLC Has $996,000 Stake in Harvest Capital Credit Corporation (NASDAQ:HCAP)
Janney Montgomery Scott LLC raised its stake in Harvest Capital Credit Corporation (NASDAQ:HCAP) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,974 shares of the investment management company’s stock after buying an additional 2,753 shares during the period. Janney Montgomery Scott LLC’s holdings in Harvest Capital Credit Corporation were worth $996,000 as of its most recent filing with the SEC.
Separately, Goldman Sachs Group Inc. raised its position in Harvest Capital Credit Corporation by 18.9% in the first quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock worth $480,000 after buying an additional 5,772 shares during the last quarter. Hedge funds and other institutional investors own 7.28% of the company’s stock.
Harvest Capital Credit Corporation (NASDAQ:HCAP) opened at 13.37 on Friday. Harvest Capital Credit Corporation has a 1-year low of $11.99 and a 1-year high of $14.88. The company has a 50-day moving average of $13.59 and a 200-day moving average of $13.66.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last released its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.06. Harvest Capital Credit Corporation had a net margin of 27.50% and a return on equity of 11.71%. The firm had revenue of $5.08 million for the quarter, compared to the consensus estimate of $5.14 million. Equities research analysts expect that Harvest Capital Credit Corporation will post $1.41 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st will be issued a $0.1125 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $1.35 annualized dividend and a dividend yield of 10.10%. Harvest Capital Credit Corporation’s dividend payout ratio is currently 150.00%.
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A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $13.50 target price on shares of Harvest Capital Credit Corporation in a research note on Friday. Zacks Investment Research lowered shares of Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a research note on Friday.
About Harvest Capital Credit Corporation
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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