Confluence Investment Management LLC held its stake in shares of Harvest Capital Credit Corporation (NASDAQ:HCAP) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,699 shares of the investment management company’s stock at the end of the second quarter. Confluence Investment Management LLC’s holdings in Harvest Capital Credit Corporation were worth $219,000 as of its most recent SEC filing.
Separately, Janney Montgomery Scott LLC boosted its position in Harvest Capital Credit Corporation by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 73,221 shares of the investment management company’s stock valued at $967,000 after buying an additional 1,235 shares during the last quarter. Institutional investors and hedge funds own 7.28% of the company’s stock.
Harvest Capital Credit Corporation (NASDAQ HCAP) traded down 2.45% on Tuesday, hitting $13.12. The stock had a trading volume of 59,326 shares. Harvest Capital Credit Corporation has a one year low of $11.99 and a one year high of $14.88. The company’s 50-day moving average is $13.57 and its 200-day moving average is $13.68.
Harvest Capital Credit Corporation (NASDAQ:HCAP) last posted its earnings results on Wednesday, May 10th. The investment management company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The firm had revenue of $4.67 million during the quarter, compared to analyst estimates of $5.07 million. Harvest Capital Credit Corporation had a return on equity of 11.15% and a net margin of 42.18%. On average, equities analysts expect that Harvest Capital Credit Corporation will post $1.36 earnings per share for the current fiscal year.
The company also recently announced a dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were issued a $0.112 dividend. The ex-dividend date was Tuesday, July 18th. Harvest Capital Credit Corporation’s dividend payout ratio (DPR) is presently 100.00%.
Several research analysts recently commented on HCAP shares. Keefe, Bruyette & Woods set a $14.00 target price on Harvest Capital Credit Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised Harvest Capital Credit Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th.
About Harvest Capital Credit Corporation
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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