Harvest Capital Credit Corporation (NASDAQ:HCAP) announced a monthly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Thursday, September 21st will be given a dividend of 0.1125 per share by the investment management company on Thursday, September 28th. This represents a $1.35 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Wednesday, September 20th.
Harvest Capital Credit Corporation (HCAP) traded up 0.51% during midday trading on Friday, reaching $13.78. The company had a trading volume of 15,255 shares. Harvest Capital Credit Corporation has a 52-week low of $11.99 and a 52-week high of $14.88. The company’s 50 day moving average is $13.65 and its 200-day moving average is $13.64.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last released its earnings results on Wednesday, August 9th. The investment management company reported $0.39 EPS for the quarter, beating the 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 analyst estimates of $5.14 million. Analysts anticipate that Harvest Capital Credit Corporation will post $1.41 EPS for the current fiscal year.
HCAP has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Keefe, Bruyette & Woods set a $14.00 target price on shares of Harvest Capital Credit Corporation and gave the company a “hold” rating in a report on Wednesday, May 10th.
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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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