Great Elm Capital Corp (GECC) Expected to Announce Quarterly Sales of $6.99 Million

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Equities research analysts predict that Great Elm Capital Corp (NASDAQ:GECC) will announce sales of $6.99 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Great Elm Capital’s earnings. The lowest sales estimate is $6.97 million and the highest is $7.00 million. Great Elm Capital reported sales of $6.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Great Elm Capital will report full year sales of $27.25 million for the current fiscal year, with estimates ranging from $25.70 million to $28.80 million. For the next year, analysts anticipate that the company will report sales of $26.93 million per share, with estimates ranging from $23.65 million to $30.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Great Elm Capital.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The business had revenue of $7.50 million for the quarter, compared to the consensus estimate of $6.75 million. Great Elm Capital had a negative net margin of 34.01% and a positive return on equity of 12.75%.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine downgraded shares of Great Elm Capital from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd.

Shares of Great Elm Capital stock opened at $9.32 on Tuesday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. The firm has a market cap of $99.17 million, a price-to-earnings ratio of 5.93 and a beta of 0.53. Great Elm Capital has a 12-month low of $8.76 and a 12-month high of $11.30.

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.69%. The ex-dividend date of this dividend is Thursday, September 27th. Great Elm Capital’s payout ratio is currently 65.79%.

An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management raised its stake in shares of Great Elm Capital Corp (NASDAQ:GECC) by 117.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,791 shares of the financial services provider’s stock after purchasing an additional 68,993 shares during the quarter. Quantum Capital Management owned approximately 1.20% of Great Elm Capital worth $1,178,000 at the end of the most recent reporting period. 8.12% of the stock is currently owned by institutional investors and hedge funds.

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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