ValuEngine downgraded shares of Harvest Capital Credit (NASDAQ:HCAP) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Harvest Capital Credit from a hold rating to a sell rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $13.50 target price on shares of Harvest Capital Credit in a research report on Friday, August 11th.

Shares of Harvest Capital Credit (NASDAQ HCAP) opened at $10.81 on Wednesday. The firm has a market cap of $72.01, a PE ratio of 7.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.43 and a quick ratio of 1.43. Harvest Capital Credit has a 1 year low of $10.51 and a 1 year high of $14.88.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 22nd will be given a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 12.49%. The ex-dividend date is Thursday, December 21st. Harvest Capital Credit’s dividend payout ratio is presently 287.24%.

In other news, CFO Craig R. Kitchin sold 12,456 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $12.25, for a total value of $152,586.00. Following the sale, the chief financial officer now directly owns 8,694 shares of the company’s stock, valued at approximately $106,501.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.50% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in Harvest Capital Credit by 3.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 75,974 shares of the investment management company’s stock valued at $996,000 after purchasing an additional 2,753 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Harvest Capital Credit by 18.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after purchasing an additional 5,772 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Harvest Capital Credit by 21.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,214 shares of the investment management company’s stock valued at $471,000 after purchasing an additional 6,282 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Harvest Capital Credit during the 3rd quarter valued at about $503,000. 5.72% of the stock is currently owned by hedge funds and other institutional investors.

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Harvest Capital Credit 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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