William Blair Weighs in on Harvest Capital Credit Corp’s FY2018 Earnings (HCAP)

Harvest Capital Credit Corp (NASDAQ:HCAP) – William Blair cut their FY2018 earnings per share (EPS) estimates for Harvest Capital Credit in a report issued on Tuesday, April 3rd. William Blair analyst R. Napoli now expects that the investment management company will post earnings of $1.02 per share for the year, down from their previous estimate of $1.35.

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Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings results on Monday, April 2nd. The investment management company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.18 million. Harvest Capital Credit had a return on equity of 11.04% and a net margin of 14.76%.

A number of other analysts have also recently weighed in on HCAP. ValuEngine cut Harvest Capital Credit from a “buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods set a $12.00 price target on Harvest Capital Credit and gave the stock a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Harvest Capital Credit from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Janney Montgomery Scott cut Harvest Capital Credit from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $12.00.

Shares of Harvest Capital Credit stock opened at $10.22 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $66.38, a PE ratio of 7.99 and a beta of 0.74. Harvest Capital Credit has a twelve month low of $9.92 and a twelve month high of $14.12.

An institutional investor recently raised its position in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. increased its holdings in Harvest Capital Credit Corp (NASDAQ:HCAP) by 21.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,214 shares of the investment management company’s stock after buying an additional 6,282 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.54% of Harvest Capital Credit worth $471,000 at the end of the most recent reporting period. 5.59% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Jmp Group Llc purchased 3,076 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $33,836.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought a total of 64,561 shares of company stock worth $689,617 over the last quarter. Insiders own 9.50% of the company’s stock.

The business also recently declared a monthly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 20th were given a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date of this dividend was Monday, March 19th. Harvest Capital Credit’s payout ratio is 89.06%.

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Harvest Capital Credit Company Profile

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.

Earnings History and Estimates for Harvest Capital Credit (NASDAQ:HCAP)

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