According to Zacks, “Harvest Capital Credit Corporation is a closed-end management investment company. The company invest in the form of subordinated debt, senior debt and minority equity. Harvest Capital Credit Corporation is headquartered in New York, United Sates. “
Shares of HCAP stock opened at $9.95 on Wednesday. Harvest Capital Credit has a fifty-two week low of $9.31 and a fifty-two week high of $11.65. The firm has a market capitalization of $60.40 million, a price-to-earnings ratio of 10.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.72 and a current ratio of 10.39. The stock’s 50-day simple moving average is $10.27 and its 200-day simple moving average is $10.42.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 22nd will be given a $0.08 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.96 dividend on an annualized basis and a yield of 9.65%. Harvest Capital Credit’s dividend payout ratio is currently 103.23%.
A hedge fund recently raised its stake in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Harvest Capital Credit Corp (NASDAQ:HCAP) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,914 shares of the investment management company’s stock after buying an additional 1,028 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.77% of Harvest Capital Credit worth $495,000 as of its most recent filing with the Securities & Exchange Commission. 8.11% of the stock is currently owned by institutional investors.
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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