Harvest Capital Credit Corp (HCAP) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jul 7, 2016.
Harvest Capital Credit Corp closed down -0.008 points or -0.06% at $12.982 with 25,641 shares getting traded on Tuesday. Post opening the session at $13, the shares hit an intraday low of $12.97 and an intraday high of $13.0699 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jan 13, 2016, Joseph A Jolson (director) purchased 16,241 shares at $11.38 per share price. According to the SEC, 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).