Janney Montgomery Scott lowered shares of Harvest Capital Credit (NASDAQ:HCAP) from a buy rating to a neutral rating in a research report report published on Friday morning, Marketbeat Ratings reports.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Harvest Capital Credit from a sell rating to a hold rating in a research note on Thursday. ValuEngine cut Harvest Capital Credit from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Finally, TheStreet cut Harvest Capital Credit from a b- rating to a c+ rating in a research note on Wednesday, November 29th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $13.50.

Harvest Capital Credit (NASDAQ:HCAP) traded down $1.37 during mid-day trading on Friday, hitting $10.21. The stock had a trading volume of 191,726 shares, compared to its average volume of 23,015. Harvest Capital Credit has a 52-week low of $10.03 and a 52-week high of $14.65. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $75.13, a PE ratio of 21.72 and a beta of 0.70.

Harvest Capital Credit (NASDAQ:HCAP) last posted its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Harvest Capital Credit had a return on equity of 11.04% and a net margin of 14.76%. The business had revenue of $4.82 million during the quarter, compared to analysts’ expectations of $5.00 million. analysts expect that Harvest Capital Credit will post 1.39 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 20th will be paid a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 11.17%. The ex-dividend date of this dividend is Monday, March 19th. Harvest Capital Credit’s dividend payout ratio is currently 287.24%.

In other news, insider Richard Paul Buckanavage sold 5,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the completion of the transaction, the insider now owns 49,272 shares in the company, valued at $542,484.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jmp Group Llc purchased 8,475 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average price of $10.99 per share, with a total value of $93,140.25. The disclosure for this purchase can be found here. Insiders bought 142,566 shares of company stock valued at $1,541,218 in the last 90 days. Company insiders own 9.50% of the company’s stock.

An institutional investor recently raised its position in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) by 21.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,214 shares of the investment management company’s stock after acquiring an additional 6,282 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned 0.54% of Harvest Capital Credit worth $471,000 at the end of the most recent reporting period. 5.71% of the stock is owned by institutional investors and hedge funds.

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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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