Head-To-Head Survey: Harvest Capital Credit Corporation (HCAP) and its Peers

Harvest Capital Credit Corporation (NASDAQ: HCAP) is one of 553 publicly-traded companies in the “Closed End Funds” industry, but how does it compare to its rivals? We will compare Harvest Capital Credit Corporation to related companies based off the strength of its institutional ownership, profitability, earnings, risk, dividends, valuation and analyst recommendations.

Earnings & Valuation

This table compares Harvest Capital Credit Corporation and its rivals revenue, earnings per share and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Harvest Capital Credit Corporation N/A N/A 15.10
Harvest Capital Credit Corporation Competitors $57.20 million $39.05 million 0.34

Harvest Capital Credit Corporation’s rivals have higher revenue and earnings than Harvest Capital Credit Corporation. Harvest Capital Credit Corporation is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently the more expensive than other companies in its industry.

Volatility and Risk

Harvest Capital Credit Corporation has a beta of 0.76, meaning that its share price is 24% less volatile than the S&P 500. Comparatively, Harvest Capital Credit Corporation’s rivals have a beta of 0.56, meaning that their average share price is 44% less volatile than the S&P 500.

Dividends

Harvest Capital Credit Corporation pays an annual dividend of $1.35 per share and has a dividend yield of 9.9%. Harvest Capital Credit Corporation pays out 150.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Closed End Funds” companies pay a dividend yield of 9.3% and pay out 92.9% of their earnings in the form of a dividend.

Analyst Recommendations

This is a summary of current ratings and target prices for Harvest Capital Credit Corporation and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Harvest Capital Credit Corporation 0 1 0 0 2.00
Harvest Capital Credit Corporation Competitors 339 1472 1497 26 2.36

Harvest Capital Credit Corporation currently has a consensus target price of $13.50, suggesting a potential downside of 0.66%. All “Closed End Funds” companies have a potential upside of 43.78%. Given Harvest Capital Credit Corporation’s rivals stronger consensus rating and higher possible upside, analysts plainly believe Harvest Capital Credit Corporation has less favorable growth aspects than its rivals.

Profitability

This table compares Harvest Capital Credit Corporation and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Harvest Capital Credit Corporation 27.50% 11.71% 6.97%
Harvest Capital Credit Corporation Competitors 517.02% 7.78% 6.02%

Insider & Institutional Ownership

5.8% of Harvest Capital Credit Corporation shares are held by institutional investors. Comparatively, 23.2% of shares of all “Closed End Funds” companies are held by institutional investors. 9.5% of Harvest Capital Credit Corporation shares are held by company insiders. Comparatively, 4.2% of shares of all “Closed End Funds” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Harvest Capital Credit Corporation rivals beat Harvest Capital Credit Corporation on 8 of the 13 factors compared.

Harvest Capital Credit Corporation Company Profile

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. Its investment portfolio includes over 56.8% of senior secured term loans, 40.8% of junior secured term loans, 1.3% of equity investments and 1.1% of collateralized loan obligation (CLO) equity at fair value. It may also invest in other investments, such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. It may also invest in debt and equity securities issued by CLO funds. HCAP Advisors LLC is its investment adviser.

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