Recap: Harvest Capital Credit Q1 Earnings

Shares of Harvest Capital Credit HCAP remained unaffected at $4.20 after the company reported Q1 results.

Quarterly Results

Earnings per share increased 41.67% year over year to $0.17, which beat the estimate of $0.16.

Revenue of $3,287,000 higher by 8.20% year over year, which missed the estimate of $3,420,000.

Looking Ahead

Harvest Capital Credit hasn't issued any earnings guidance for the time being.

Harvest Capital Credit hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 13, 2020

Time: 08:00 PM ET

Webcast URL: https://harvestcapitalcredit.com/investors/

Price Action

52-week high: $10.65

Company's 52-week low was at $2.66

Price action over last quarter: down 7.21%

Company Overview

Harvest Capital Credit Corp is an externally managed, closed-end, non-diversified management investment company. It provides customized financing to small and mid-sized businesses located throughout North America. The company's product portfolio includes senior secured debt, unitranche term loans, junior secured term loans, subordinated debt etc. Its objective is to generate both current income and capital appreciation mainly by making direct investments in the form of subordinated debt, senior debt and minority equity investments in privately held U.S. small and mid-sized companies.