Harvest Capital Credit Corporation (HCAP) to Issue Special Dividend of $0.10 on October 26th
Harvest Capital Credit Corporation (NASDAQ:HCAP) declared a special dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Thursday, October 19th will be given a dividend of 0.10 per share by the investment management company on Thursday, October 26th. This represents a dividend yield of 10.06%. The ex-dividend date is Wednesday, October 18th. This is a positive change from Harvest Capital Credit Corporation’s previous special dividend of $0.09.
Harvest Capital Credit Corporation (HCAP) opened at 13.76 on Friday. The stock has a 50 day moving average of $13.39 and a 200-day moving average of $13.42. Harvest Capital Credit Corporation has a 12-month low of $11.99 and a 12-month high of $14.88.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last issued its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The firm had revenue of $5.08 million for the quarter, compared to analyst estimates of $5.14 million. Harvest Capital Credit Corporation had a net margin of 27.50% and a return on equity of 11.71%. Analysts forecast that Harvest Capital Credit Corporation will post $1.44 EPS for the current fiscal year.
Several brokerages recently issued reports on HCAP. Keefe, Bruyette & Woods restated a “hold” rating and issued a $13.50 price objective on shares of Harvest Capital Credit Corporation in a report on Friday, August 11th. Zacks Investment Research lowered shares of Harvest Capital Credit Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th.
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In related news, insider Richard Paul Buckanavage sold 3,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $13.65, for a total value of $40,950.00. Following the sale, the insider now directly owns 57,172 shares in the company, valued at approximately $780,397.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.50% of the stock is currently owned by insiders.
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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