Harvest Capital Credit Corporation (NASDAQ:HCAP) CFO Craig R. Kitchin sold 12,456 shares of Harvest Capital Credit stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $12.25, for a total transaction of $152,586.00. Following the completion of the transaction, the chief financial officer now directly owns 8,694 shares in the company, valued at $106,501.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Harvest Capital Credit Corporation (HCAP) opened at $10.67 on Monday. The stock has a market cap of $69.23, a price-to-earnings ratio of 7.16 and a beta of 0.68. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.39. Harvest Capital Credit Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $14.88.
The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.35 annualized dividend and a yield of 12.65%. Harvest Capital Credit’s payout ratio is 287.24%.
A number of brokerages recently issued reports on HCAP. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.50 price objective on shares of Harvest Capital Credit in a research note on Friday, August 11th. Zacks Investment Research cut shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine cut shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, TheStreet cut shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a research note on Wednesday, November 29th.
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About Harvest Capital Credit
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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