Great Elm Capital (NASDAQ:GECC) Issues Earnings Results

Great Elm Capital (NASDAQ:GECC) released its earnings results on Monday, March 12th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 11.93%. The firm had revenue of $9.71 million during the quarter, compared to analysts’ expectations of $6.02 million.

Shares of Great Elm Capital stock traded down $0.07 during mid-day trading on Thursday, reaching $9.37. 9,896 shares of the stock were exchanged, compared to its average volume of 13,057. The stock has a market capitalization of $99.92, a P/E ratio of 6.16 and a beta of 0.51. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.24. Great Elm Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.55.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be paid a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date of this dividend is Friday, April 27th. Great Elm Capital’s dividend payout ratio is 65.79%.

A number of brokerages have recently issued reports on GECC. ValuEngine cut shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded shares of Great Elm Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Finally, Ladenburg Thalmann Financial Services began coverage on shares of Great Elm Capital in a research note on Thursday, March 15th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Great Elm Capital presently has a consensus rating of “Hold” and a consensus target price of $12.50.

In related news, major shareholder Mast Capital Management, Llc sold 7,145 shares of the stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $9.11, for a total transaction of $65,090.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 27,529 shares of company stock valued at $252,970 in the last quarter.

An institutional investor recently bought a new position in Great Elm Capital stock. Quantum Capital Management bought a new position in shares of Great Elm Capital (NASDAQ:GECC) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 49,056 shares of the financial services provider’s stock, valued at approximately $512,000. Quantum Capital Management owned approximately 0.46% of Great Elm Capital as of its most recent SEC filing. Institutional investors own 8.06% of the company’s stock.

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Great Elm Capital Company Profile

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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