Harvest Capital Credit Corp (NASDAQ:HCAP) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 22nd will be paid a dividend of 0.08 per share by the investment management company on Thursday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.72%. The ex-dividend date is Wednesday, August 21st.
Harvest Capital Credit has decreased its dividend payment by an average of 5.0% annually over the last three years. Harvest Capital Credit has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Harvest Capital Credit to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 95.0%.
Shares of NASDAQ HCAP opened at $9.88 on Tuesday. The firm’s 50-day moving average price is $10.23 and its 200-day moving average price is $10.41. The company has a quick ratio of 10.39, a current ratio of 10.39 and a debt-to-equity ratio of 0.76. The company has a market cap of $60.40 million, a PE ratio of 10.62 and a beta of 0.67. Harvest Capital Credit has a 52-week low of $9.31 and a 52-week high of $11.65.
Harvest Capital Credit (NASDAQ:HCAP) last announced its quarterly earnings results on Friday, August 9th. The investment management company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $2.99 million for the quarter, compared to analysts’ expectations of $3.50 million. Harvest Capital Credit had a net margin of 16.14% and a return on equity of 6.15%. As a group, equities research analysts anticipate that Harvest Capital Credit will post 0.7 EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of Harvest Capital Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th.
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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