Harvest Capital Credit Corp (HCAP) Major Shareholder Purchases $64,589.76 in Stock

Harvest Capital Credit Corp (NASDAQ:HCAP) major shareholder Jmp Group Llc bought 5,904 shares of the stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $10.94 per share, for a total transaction of $64,589.76. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, December 5th, Jmp Group Llc bought 300 shares of Harvest Capital Credit stock. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $3,300.00.
  • On Thursday, December 7th, Jmp Group Llc bought 2,500 shares of Harvest Capital Credit stock. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $27,500.00.
  • On Wednesday, November 29th, Jmp Group Llc bought 38,841 shares of Harvest Capital Credit stock. The shares were acquired at an average cost of $10.75 per share, for a total transaction of $417,540.75.
  • On Friday, December 1st, Jmp Group Llc bought 60,446 shares of Harvest Capital Credit stock. The shares were acquired at an average cost of $10.75 per share, for a total transaction of $649,794.50.

Shares of Harvest Capital Credit Corp (NASDAQ HCAP) traded up $0.19 during trading on Monday, hitting $11.26. The stock had a trading volume of 49,675 shares, compared to its average volume of 30,354. The firm has a market cap of $71.82, a price-to-earnings ratio of 7.43 and a beta of 0.67. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. Harvest Capital Credit Corp has a fifty-two week low of $10.52 and a fifty-two week high of $14.88.

The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.1125 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.35 annualized dividend and a dividend yield of 11.99%. Harvest Capital Credit’s dividend payout ratio is 287.24%.

Several equities analysts have weighed in on the company. ValuEngine cut Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. TheStreet lowered Harvest Capital Credit from a “b-” rating to a “c+” rating in a report on Wednesday, November 29th. Finally, Zacks Investment Research lowered Harvest Capital Credit from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.

Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of Harvest Capital Credit during the 3rd quarter valued at about $503,000. Goldman Sachs Group Inc. lifted its holdings in shares of Harvest Capital Credit by 18.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,344 shares of the investment management company’s stock valued at $480,000 after buying an additional 5,772 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Harvest Capital Credit by 21.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,214 shares of the investment management company’s stock valued at $471,000 after buying an additional 6,282 shares during the last quarter. Institutional investors and hedge funds own 5.72% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Harvest Capital Credit (NASDAQ:HCAP)

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