Harvest Capital Credit Corp (NASDAQ:HCAP) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 4,600 shares, a drop of 19.3% from the August 31st total of 5,700 shares. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is presently 0.2 days.
Shares of Harvest Capital Credit stock traded up $0.11 during trading on Thursday, reaching $3.56. 8,285 shares of the company were exchanged, compared to its average volume of 24,733. The company has a quick ratio of 19.44, a current ratio of 19.44 and a debt-to-equity ratio of 1.20. Harvest Capital Credit has a twelve month low of $2.66 and a twelve month high of $10.18. The business has a 50-day moving average price of $3.41 and a 200-day moving average price of $4.02. The firm has a market capitalization of $20.56 million, a price-to-earnings ratio of -3.56 and a beta of 0.57.
Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings data on Friday, August 7th. The investment management company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). Harvest Capital Credit had a positive return on equity of 5.29% and a negative net margin of 46.26%. The company had revenue of $2.59 million for the quarter, compared to analyst estimates of $3.12 million. On average, equities research analysts forecast that Harvest Capital Credit will post 0.25 EPS for the current fiscal year.
In related news, CEO Joseph A. Jolson bought 11,848 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average price of $4.00 per share, for a total transaction of $47,392.00. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $120,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph A. Jolson acquired 8,909 shares of the business’s stock in a transaction on Monday, July 20th. The stock was acquired at an average price of $3.99 per share, with a total value of $35,546.91. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at approximately $119,700. The disclosure for this purchase can be found here. Insiders have bought a total of 27,173 shares of company stock worth $108,512 in the last three months. 15.70% of the stock is owned by insiders.
An institutional investor recently bought a new position in Harvest Capital Credit stock. Advisor Group Holdings Inc. acquired a new position in shares of Harvest Capital Credit Corp (NASDAQ:HCAP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 39,664 shares of the investment management company’s stock, valued at approximately $197,000. Advisor Group Holdings Inc. owned 0.67% of Harvest Capital Credit as of its most recent SEC filing. Institutional investors and hedge funds own 7.82% 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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