Harvest Capital (HCAP) Reports In-Line Q3 EPS

Harvest Capital (NASDAQ: HCAP) reported Q3 EPS of $0.18, in-line with the analyst estimate of $0.18.

"We showed some improvements in third quarter results as our investment portfolio has now grown for the third consecutive quarter and by almost 22% from December 2018 levels," said Joseph Jolson, Chairman and CEO. "Our progress on resolving our 4 and 5 rated credits has been frustratingly slow. We remain optimistic that the $12.1 million in currently non-interest earning assets will be contributing to our net investment income in the next year. We also completed the most recent 250k share repurchase authorization recently, and have bought nearly 8% of the shares outstanding during 2019 at prices that are immediately accretive to NAV and net investment income per share," concluded Mr. Jolson.

For earnings history and earnings-related data on Harvest Capital (HCAP) click here.

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