Insider Buying: Harvest Capital Credit Corp (HCAP) Major Shareholder Buys $27,500.00 in Stock

Harvest Capital Credit Corp (NASDAQ:HCAP) major shareholder Jmp Group Llc purchased 2,500 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was acquired at an average price of $11.00 per share, for a total transaction of $27,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, December 5th, Jmp Group Llc acquired 300 shares of Harvest Capital Credit stock. The shares were bought at an average price of $11.00 per share, for a total transaction of $3,300.00.
  • On Wednesday, November 29th, Jmp Group Llc acquired 38,841 shares of Harvest Capital Credit stock. The shares were bought at an average price of $10.75 per share, for a total transaction of $417,540.75.
  • On Friday, December 1st, Jmp Group Llc acquired 60,446 shares of Harvest Capital Credit stock. The shares were bought at an average price of $10.75 per share, for a total transaction of $649,794.50.

Harvest Capital Credit Corp (HCAP) traded up $0.11 during midday trading on Friday, reaching $11.11. The company’s stock had a trading volume of 31,187 shares, compared to its average volume of 40,411. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The firm has a market cap of $72.08, a P/E ratio of 7.46 and a beta of 0.67. Harvest Capital Credit Corp has a 12-month low of $10.52 and a 12-month high of $14.88.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.1125 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.35 annualized dividend and a yield of 12.15%. Harvest Capital Credit’s payout ratio is presently 287.24%.

HCAP has been the topic of several recent analyst reports. Zacks Investment Research downgraded Harvest Capital Credit from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. ValuEngine downgraded Harvest Capital Credit from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, TheStreet downgraded Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. raised its holdings 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 worth $471,000 after buying an additional 6,282 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 worth $480,000 after buying an additional 5,772 shares during the period. Macquarie Group Ltd. acquired a new stake in Harvest Capital Credit during the 3rd quarter worth about $503,000. Finally, Janney Montgomery Scott LLC raised its holdings 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 worth $996,000 after buying an additional 2,753 shares during the period. Hedge funds and other institutional investors own 5.72% of the company’s stock.

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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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