Equities research analysts expect Harvest Capital Credit Corp (NASDAQ:HCAP) to report sales of $3.50 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Harvest Capital Credit’s earnings, with the highest sales estimate coming in at $3.68 million and the lowest estimate coming in at $3.32 million. Harvest Capital Credit posted sales of $4.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 13.8%. The business is expected to announce its next earnings results on Thursday, August 8th.
According to Zacks, analysts expect that Harvest Capital Credit will report full year sales of $14.76 million for the current year, with estimates ranging from $14.35 million to $15.17 million. For the next financial year, analysts expect that the company will post sales of $20.47 million, with estimates ranging from $19.83 million to $21.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Harvest Capital Credit.
Harvest Capital Credit (NASDAQ:HCAP) last announced its earnings results on Tuesday, May 14th. The investment management company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). Harvest Capital Credit had a net margin of 19.75% and a return on equity of 7.08%. The firm had revenue of $3.04 million during the quarter, compared to analysts’ expectations of $3.39 million.
Separately, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th.
Shares of HCAP traded up $0.05 during midday trading on Friday, hitting $10.22. The stock had a trading volume of 7,958 shares, compared to its average volume of 13,138. Harvest Capital Credit has a 1 year low of $9.31 and a 1 year high of $11.65. The stock has a market capitalization of $62.77 million, a price-to-earnings ratio of 10.98 and a beta of 0.68. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $10.40.
The company also recently announced a monthly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 9.40%. The ex-dividend date of this dividend is Wednesday, July 17th. Harvest Capital Credit’s dividend payout ratio is currently 103.23%.
An institutional investor recently raised its position in Harvest Capital Credit stock. Acadian Asset Management LLC grew its position in Harvest Capital Credit Corp (NASDAQ:HCAP) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,530 shares of the investment management company’s stock after acquiring an additional 2,169 shares during the quarter. Acadian Asset Management LLC owned about 0.40% of Harvest Capital Credit worth $256,000 at the end of the most recent reporting period. Institutional investors own 8.19% of the company’s stock.
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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