Harvest Capital Credit Corp (NASDAQ:HCAP) CEO Joseph A. Jolson bought 7,460 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average price of $10.50 per share, with a total value of $78,330.00. Following the purchase, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $210,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NASDAQ HCAP traded up $0.15 during trading hours on Wednesday, hitting $10.65. The company had a trading volume of 100 shares, compared to its average volume of 18,681. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.70 and a quick ratio of 5.70. Harvest Capital Credit Corp has a 1-year low of $9.90 and a 1-year high of $12.89. The company has a market capitalization of $66.99 million, a PE ratio of 8.20 and a beta of 0.74.
Harvest Capital Credit (NASDAQ:HCAP) last released its quarterly earnings data on Thursday, August 9th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Harvest Capital Credit had a net margin of 24.15% and a return on equity of 8.65%. The company had revenue of $4.06 million during the quarter, compared to analyst estimates of $4.03 million. On average, research analysts expect that Harvest Capital Credit Corp will post 0.96 earnings per share for the current year.
A number of brokerages recently commented on HCAP. TheStreet downgraded shares of Harvest Capital Credit from a “b” rating to a “c+” rating in a research note on Tuesday, September 4th. ValuEngine upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research downgraded shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.00.
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Harvest Capital Credit Company Profile
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies.
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