Harvest Capital Credit Corporation (NASDAQ: HCAP) is one of 556 publicly-traded companies in the “Closed End Funds” industry, but how does it compare to its competitors? We will compare Harvest Capital Credit Corporation to related companies based on the strength of its institutional ownership, valuation, profitability, analyst recommendations, risk, earnings and dividends.
Insider and Institutional Ownership
5.8% of Harvest Capital Credit Corporation shares are held by institutional investors. Comparatively, 23.2% of shares of all “Closed End Funds” companies are held by institutional investors. 9.5% of Harvest Capital Credit Corporation shares are held by insiders. Comparatively, 4.5% of shares of all “Closed End Funds” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
This is a summary of current ratings and target prices for Harvest Capital Credit Corporation and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Harvest Capital Credit Corporation||0||1||0||0||2.00|
|Harvest Capital Credit Corporation Competitors||342||1475||1499||26||2.36|
Harvest Capital Credit Corporation currently has a consensus price target of $13.50, indicating a potential downside of 1.03%. As a group, “Closed End Funds” companies have a potential upside of 40.35%. Given Harvest Capital Credit Corporation’s competitors stronger consensus rating and higher probable upside, analysts clearly believe Harvest Capital Credit Corporation has less favorable growth aspects than its competitors.
This table compares Harvest Capital Credit Corporation and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Harvest Capital Credit Corporation||27.50%||11.71%||6.97%|
|Harvest Capital Credit Corporation Competitors||518.10%||7.79%||6.00%|
Harvest Capital Credit Corporation pays an annual dividend of $1.35 per share and has a dividend yield of 9.9%. Harvest Capital Credit Corporation pays out 150.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Closed End Funds” companies pay a dividend yield of 9.0% and pay out 87.5% of their earnings in the form of a dividend.
Volatility and Risk
Harvest Capital Credit Corporation has a beta of 0.76, suggesting that its stock price is 24% less volatile than the S&P 500. Comparatively, Harvest Capital Credit Corporation’s competitors have a beta of 0.56, suggesting that their average stock price is 44% less volatile than the S&P 500.
Earnings & Valuation
This table compares Harvest Capital Credit Corporation and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Harvest Capital Credit Corporation||N/A||N/A||15.16|
|Harvest Capital Credit Corporation Competitors||$57.20 million||$39.05 million||-0.15|
Harvest Capital Credit Corporation’s competitors have higher revenue and earnings than Harvest Capital Credit Corporation. Harvest Capital Credit Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Harvest Capital Credit Corporation competitors beat Harvest Capital Credit Corporation on 8 of the 14 factors compared.
About Harvest Capital Credit Corporation
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. Its investment portfolio includes over 56.8% of senior secured term loans, 40.8% of junior secured term loans, 1.3% of equity investments and 1.1% of collateralized loan obligation (CLO) equity at fair value. It may also invest in other investments, such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. It may also invest in debt and equity securities issued by CLO funds. HCAP Advisors LLC is its investment adviser.
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