Harvest Capital Credit Corp (NASDAQ:HCAP) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.08 per share by the investment management company on Thursday, September 26th. This represents a $0.96 annualized dividend and a yield of 9.50%. The ex-dividend date of this dividend is Wednesday, September 18th.
Harvest Capital Credit has decreased its dividend payment by an average of 5.0% annually over the last three years. Harvest Capital Credit has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Harvest Capital Credit to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 98.0%.
HCAP stock opened at $10.10 on Tuesday. Harvest Capital Credit has a 1-year low of $9.31 and a 1-year high of $11.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 10.39 and a quick ratio of 10.39. The company has a market capitalization of $61.00 million, a price-to-earnings ratio of 10.86 and a beta of 0.68. The business has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $10.29.
In other Harvest Capital Credit news, CEO Joseph A. Jolson purchased 6,078 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $9.85 per share, for a total transaction of $59,868.30. Following the purchase, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $197,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph A. Jolson purchased 15,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $9.77 per share, with a total value of $146,550.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at $195,400. The disclosure for this purchase can be found here. Insiders acquired a total of 33,632 shares of company stock valued at $329,866 over the last 90 days. 13.40% of the stock is currently owned by corporate insiders.
Separately, Zacks Investment Research upgraded Harvest Capital Credit from a “sell” rating to a “hold” rating in a research note on Friday.
About Harvest Capital Credit
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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