Harvest Capital Credit Corp(NASDAQ:HCAP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $4.73M. Analysts estimated a revenue of $5.25M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.35.
In a different note, On Jul 7, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Harvest Capital Credit Corp. The shares have been rated ‘Market Perform’ by the firm.
Harvest Capital Credit Corp (HCAP) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -1.00% at a volume of 22,290. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.87. The peak price level was also seen at $12.87 while the days lowest was $12.7. Finally the shares closed at $12.83. The 52-week high of the shares is $13.5 while the 52-week low is $9.9301. According to the latest information available, the market cap of the company is $81 M.
Several Insider Transactions has been reported to the SEC. On Jan 13, 2016, Joseph A Jolson (director) purchased 16,241 shares at $11.38 per share price.Also, On Dec 23, 2015, Richard Anthony Sebastiao (director) purchased 2,500 shares at $11.92 per share price.On Dec 23, 2015, Craig R Kitchin (CFO) purchased 10,000 shares at $10.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Harvest Capital Credit Corporation is an externally managed closed-end non-diversified management investment company. The Company provides customized financing solutions to small and mid-sized companies. It targets companies with annual revenues of less than $100 million and annual earnings before interest taxes depreciation and amortization (EBITDA) of less than $15 million. The Company’s investment objective is to generate both current income and capital appreciation primarily by making direct investments in the form of subordinated debt senior debt and to a lesser extent minority equity investments in privately-held United States small to mid-sized companies. As of December 31 2014 the Company had $115.8 million (at fair value) invested in 29 companies. The Company’s investment adviser is HCAP Advisors LLC (HCAP Advisors).