Wall Street analysts forecast that Harvest Capital Credit Corp (NASDAQ:HCAP) will report earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Harvest Capital Credit’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.25. Harvest Capital Credit posted earnings per share of $0.36 during the same quarter last year, which indicates a negative year over year growth rate of 25%. The business is expected to issue its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Harvest Capital Credit will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.95 to $0.97. For the next financial year, analysts anticipate that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.11 to $1.13. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Harvest Capital Credit.
Harvest Capital Credit (NASDAQ:HCAP) last issued its earnings results on Thursday, August 9th. The investment management company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Harvest Capital Credit had a return on equity of 8.65% and a net margin of 24.15%. The business had revenue of $4.06 million during the quarter, compared to analysts’ expectations of $4.03 million.
A number of equities analysts have issued reports on the stock. TheStreet cut shares of Harvest Capital Credit from a “b” rating to a “c+” rating in a research report on Tuesday, September 4th. ValuEngine upgraded shares of Harvest Capital Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research cut shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Harvest Capital Credit has a consensus rating of “Hold” and an average target price of $12.00.
Hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Harvest Capital Credit by 29.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,829 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 9,179 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Harvest Capital Credit in the first quarter valued at about $2,338,000. Finally, Franklin Square Holdings L.P. purchased a new position in shares of Harvest Capital Credit in the second quarter valued at about $29,714,000. Hedge funds and other institutional investors own 28.84% of the company’s stock.
HCAP stock opened at $10.66 on Friday. Harvest Capital Credit has a 12-month low of $9.90 and a 12-month high of $13.87. The stock has a market capitalization of $69.68 million, a price-to-earnings ratio of 8.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 5.70 and a current ratio of 5.70.
The company also recently disclosed a dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 18th will be given a $0.095 dividend. The ex-dividend date of this dividend is Wednesday, October 17th. Harvest Capital Credit’s payout ratio is 89.06%.
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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