Media stories about Harvest Capital Credit (NASDAQ:HCAP) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Harvest Capital Credit earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 45.0479503607812 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- 10% Owner of Harvest Capital Credit Corp (NASDAQ:HCAP), Jmp Group Llc, buys 1,603 shares worth $16,848 (empowerednews.net)
- Harvest Capital Credit Corp (HCAP) Major Shareholder Buys $16,155.00 in Stock (americanbankingnews.com)
- Jmp Group Llc Buys 1,603 Shares of Harvest Capital Credit Corp (HCAP) Stock (americanbankingnews.com)
- Analysts Anticipate Harvest Capital Credit Corp (HCAP) to Post $0.31 EPS (americanbankingnews.com)
- Harvest Capital (HCAP) Delays Form 10-K Filing and Postpones Earnings Release (streetinsider.com)
HCAP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Harvest Capital Credit from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine lowered shares of Harvest Capital Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. TheStreet lowered shares of Harvest Capital Credit from a “b-” rating to a “c+” rating in a research note on Wednesday, November 29th. Finally, Janney Montgomery Scott lowered shares of Harvest Capital Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Harvest Capital Credit currently has an average rating of “Hold” and a consensus target price of $13.50.
Shares of HCAP stock traded down $0.04 during mid-day trading on Wednesday, hitting $10.40. 3,703 shares of the stock traded hands, compared to its average volume of 25,799. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 1.43. Harvest Capital Credit has a 12 month low of $10.03 and a 12 month high of $14.23. The stock has a market cap of $67.55, a price-to-earnings ratio of 22.13 and a beta of 0.72.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 20th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.14 dividend on an annualized basis and a yield of 10.96%. Harvest Capital Credit’s dividend payout ratio is 242.56%.
In other Harvest Capital Credit news, major shareholder Jmp Group Llc acquired 5,675 shares of Harvest Capital Credit stock in a transaction that occurred on Tuesday, December 26th. The stock was acquired at an average cost of $10.91 per share, for a total transaction of $61,914.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 84,068 shares of company stock valued at $911,793 over the last quarter. 9.50% of the stock is owned by company insiders.
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Harvest Capital Credit 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.
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