Harvest Capital Credit Corp (NASDAQ:HCAP) announced a dividend on Friday, November 8th, Fidelity reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. The ex-dividend date of this dividend is Thursday, January 23rd.
Harvest Capital Credit has decreased its dividend by an average of 10.7% annually over the last three years. Harvest Capital Credit has a payout ratio of 105.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Harvest Capital Credit to earn $0.91 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 105.5%.
NASDAQ:HCAP opened at $8.96 on Tuesday. The company has a quick ratio of 10.90, a current ratio of 10.90 and a debt-to-equity ratio of 0.94. The company has a market cap of $53.19 million, a P/E ratio of 99.51 and a beta of 0.64. Harvest Capital Credit has a fifty-two week low of $8.68 and a fifty-two week high of $11.65. The firm’s 50 day moving average is $8.94 and its two-hundred day moving average is $9.63.
Harvest Capital Credit (NASDAQ:HCAP) last posted its quarterly earnings results on Friday, November 8th. The investment management company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $3.28 million for the quarter, compared to analysts’ expectations of $3.51 million. Harvest Capital Credit had a return on equity of 5.76% and a net margin of 4.87%. Research analysts forecast that Harvest Capital Credit will post 0.63 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th.
In other Harvest Capital Credit news, CEO Joseph A. Jolson purchased 10,000 shares of Harvest Capital Credit stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost of $8.95 per share, for a total transaction of $89,500.00. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $268,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.40% of the stock is owned by company insiders.
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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