Shares of Harvest Capital Credit Corp (NASDAQ:HCAP) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus price target of $10.50 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Harvest Capital Credit an industry rank of 16 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Harvest Capital Credit from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 9th.
A hedge fund recently raised its stake in Harvest Capital Credit stock. Gables Capital Management Inc. boosted its holdings in Harvest Capital Credit Corp (NASDAQ:HCAP) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,616 shares of the investment management company’s stock after acquiring an additional 1,384 shares during the period. Harvest Capital Credit accounts for about 1.1% of Gables Capital Management Inc.’s portfolio, making the stock its 28th largest holding. Gables Capital Management Inc. owned approximately 3.28% of Harvest Capital Credit worth $1,710,000 at the end of the most recent quarter. 8.05% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ HCAP traded up $0.04 during trading on Friday, hitting $8.57. The company had a trading volume of 25,902 shares, compared to its average volume of 17,684. The stock has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $9.38. Harvest Capital Credit has a fifty-two week low of $8.49 and a fifty-two week high of $10.80. The firm has a market capitalization of $52.18 million, a price-to-earnings ratio of 95.22 and a beta of 0.68. The company has a quick ratio of 10.90, a current ratio of 10.90 and a debt-to-equity ratio of 0.94.
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.
Recommended Story: What is a stock split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Harvest Capital Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harvest Capital Credit and related companies with MarketBeat.com's FREE daily email newsletter.