Harvest Capital Credit Corporation (HCAP) Major Shareholder Acquires $649,794.50 in Stock

Harvest Capital Credit Corporation (NASDAQ:HCAP) major shareholder Jmp Group Llc purchased 60,446 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $10.75 per share, for a total transaction of $649,794.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Jmp Group Llc also recently made the following trade(s):

  • On Wednesday, November 29th, Jmp Group Llc purchased 38,841 shares of Harvest Capital Credit stock. The shares were acquired at an average price of $10.75 per share, for a total transaction of $417,540.75.

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 0.67. 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 have recently commented on HCAP. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $13.50 price target on shares of Harvest Capital Credit in a report on Friday, August 11th. Zacks Investment Research lowered shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine lowered shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th.

Hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Harvest Capital Credit by 21.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,214 shares of the investment management company’s stock valued at $471,000 after buying an additional 6,282 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Harvest Capital Credit by 18.9% in the first quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after buying an additional 5,772 shares during the period. Macquarie Group Ltd. acquired a new position in Harvest Capital Credit in the third quarter valued at $503,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Harvest Capital Credit by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 75,974 shares of the investment management company’s stock valued at $996,000 after buying an additional 2,753 shares during the period. Institutional investors and hedge funds own 5.72% of the company’s stock.

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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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