Great Elm Capital (NASDAQ:GECC) Trading Down 1.2%

Shares of Great Elm Capital Corp. (NASDAQ:GECC) traded down 1.2% on Wednesday . The stock traded as low as $10.24 and last traded at $10.33. 2,090 shares were traded during trading, a decline of 88% from the average session volume of 17,531 shares. The stock had previously closed at $10.46.

Great Elm Capital Trading Up 0.8 %

The company has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $10.36. The firm has a market capitalization of $98.56 million, a price-to-earnings ratio of 3.14 and a beta of 1.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings data on Thursday, February 29th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Great Elm Capital had a return on equity of 13.21% and a net margin of 70.71%. The company had revenue of $9.16 million for the quarter, compared to analyst estimates of $8.95 million. On average, research analysts forecast that Great Elm Capital Corp. will post 1.69 EPS for the current year.

Great Elm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.42%. The ex-dividend date of this dividend was Friday, March 15th. Great Elm Capital’s payout ratio is 42.17%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new position in shares of Great Elm Capital in the fourth quarter worth about $127,000. O Shaughnessy Asset Management LLC purchased a new position in Great Elm Capital during the third quarter worth approximately $143,000. Acadian Asset Management LLC boosted its stake in Great Elm Capital by 99.8% during the third quarter. Acadian Asset Management LLC now owns 43,785 shares of the financial services provider’s stock worth $430,000 after buying an additional 21,871 shares during the last quarter. Finally, Cruiser Capital Advisors LLC grew its holdings in Great Elm Capital by 5.1% in the 4th quarter. Cruiser Capital Advisors LLC now owns 74,426 shares of the financial services provider’s stock valued at $792,000 after buying an additional 3,615 shares in the last quarter. 38.75% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.