Monteverde & Associates PC and Kahn Swick & Foti LLC are seeking to lead and consolidate investor class actions alleging Harvest Capital Credit Corp.'s merger with Portman Ridge Finance Corp. was the result of an unfair and conflicted process.
Harvest Capital: Q1 Earnings Snapshot
May 7, 2021
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NEW YORK (AP) Harvest Capital Credit Corp. (HCAP) on Friday reported first-quarter net income of $4.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had net income of 75 cents. Earnings, adjusted for investment gains, were 2 cents per share.
The provider of financial services to small and mid-sized companies posted revenue of $2.2 million in the period.
Harvest Capital shares have risen 15% since the beginning of the year. In the final minutes of trading on Friday, shares hit $8.72, more than doubling in the last 12 months.
About Monteverde & Associates PC
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the
Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United S