Great Elm Capital (NASDAQ:GECC) issued its quarterly earnings results on Monday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.31, Morningstar.com reports. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.54%. The business had revenue of $9.71 million for the quarter, compared to analyst estimates of $6.02 million.
Great Elm Capital (NASDAQ:GECC) opened at $9.74 on Wednesday. The stock has a market cap of $103.60, a PE ratio of -42.35 and a beta of 0.47. Great Elm Capital has a one year low of $8.76 and a one year high of $11.67. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.49.
The company also recently declared a monthly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be paid a dividend of $0.083 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.23%. Great Elm Capital’s dividend payout ratio (DPR) is -434.78%.
A hedge fund recently bought a new stake in Great Elm Capital stock. Royal Bank of Canada acquired a new position in shares of Great Elm Capital Corp (NASDAQ:GECC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,245 shares of the financial services provider’s stock, valued at approximately $512,000. 8.06% of the stock is owned by institutional investors and hedge funds.
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About Great Elm Capital
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
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