Harvest Capital Credit (HCAP) Major Shareholder Jmp Group Llc Purchases 2,400 Shares of Stock

Harvest Capital Credit (NASDAQ:HCAP) major shareholder Jmp Group Llc acquired 2,400 shares of the company’s stock in a transaction on Monday, April 16th. The shares were acquired at an average price of $10.49 per share, for a total transaction of $25,176.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Jmp Group Llc also recently made the following trade(s):

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  • On Wednesday, April 18th, Jmp Group Llc bought 2,400 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.39 per share, with a total value of $24,936.00.
  • On Thursday, April 12th, Jmp Group Llc bought 2,482 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.48 per share, with a total value of $26,011.36.
  • On Friday, April 6th, Jmp Group Llc bought 2,284 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.24 per share, with a total value of $23,388.16.
  • On Tuesday, April 10th, Jmp Group Llc bought 7,019 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.31 per share, with a total value of $72,365.89.
  • On Wednesday, April 4th, Jmp Group Llc bought 2,284 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.24 per share, with a total value of $23,388.16.
  • On Wednesday, March 28th, Jmp Group Llc bought 1,927 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.28 per share, with a total value of $19,809.56.
  • On Monday, April 2nd, Jmp Group Llc bought 5,627 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.31 per share, with a total value of $58,014.37.
  • On Monday, March 26th, Jmp Group Llc bought 1,550 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.67 per share, with a total value of $16,538.50.
  • On Thursday, March 22nd, Jmp Group Llc bought 3,680 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.48 per share, with a total value of $38,566.40.
  • On Monday, March 19th, Jmp Group Llc bought 1,603 shares of Harvest Capital Credit stock. The stock was purchased at an average price of $10.51 per share, with a total value of $16,847.53.

NASDAQ:HCAP traded down $0.03 during midday trading on Thursday, reaching $10.37. 3,499 shares of the company traded hands, compared to its average volume of 24,060. Harvest Capital Credit has a twelve month low of $9.92 and a twelve month high of $14.09. The firm has a market capitalization of $67.53, a P/E ratio of 8.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.20 and a quick ratio of 6.20.

Harvest Capital Credit (NASDAQ:HCAP) last released its quarterly earnings data on Monday, April 2nd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Harvest Capital Credit had a net margin of 8.73% and a return on equity of 10.61%. The company had revenue of $4.14 million for the quarter, compared to analyst estimates of $4.18 million. research analysts anticipate that Harvest Capital Credit will post 1.11 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 27th. Investors of record on Tuesday, March 20th were given a dividend of $0.095 per share. The ex-dividend date was Monday, March 19th. This represents a $1.14 dividend on an annualized basis and a yield of 10.99%. Harvest Capital Credit’s dividend payout ratio is currently 89.06%.

A hedge fund recently raised its stake in Harvest Capital Credit stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Harvest Capital Credit (NASDAQ:HCAP) by 21.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,214 shares of the investment management company’s stock after purchasing an additional 6,282 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned approximately 0.54% of Harvest Capital Credit worth $471,000 at the end of the most recent reporting period. 5.66% of the stock is owned by institutional investors and hedge funds.

HCAP has been the subject of a number of analyst reports. Keefe, Bruyette & Woods set a $12.00 price objective on Harvest Capital Credit and gave the company a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered Harvest Capital Credit from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Janney Montgomery Scott lowered Harvest Capital Credit from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th. Finally, ValuEngine lowered Harvest Capital Credit from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Four equities research analysts have rated the stock with a hold rating, Harvest Capital Credit currently has a consensus rating of “Hold” and an average price target of $12.00.

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About Harvest Capital Credit

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.

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