Harvest Capital Credit Corp (HCAP) CEO Buys $78,330.00 in Stock

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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.

An institutional investor recently bought a new position in Harvest Capital Credit stock. Franklin Square Holdings L.P. acquired a new stake in Harvest Capital Credit Corp (NASDAQ:HCAP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,350,620 shares of the investment management company’s stock, valued at approximately $29,714,000. Harvest Capital Credit makes up about 33.8% of Franklin Square Holdings L.P.’s portfolio, making the stock its largest position. Franklin Square Holdings L.P. owned 21.10% of Harvest Capital Credit as of its most recent filing with the Securities and Exchange Commission (SEC). 28.84% of the stock is owned by institutional investors and hedge funds.

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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