Great Elm Capital Group, Inc. (NASDAQ:GECC) to Issue $0.37 Quarterly Dividend

Great Elm Capital Group, Inc. (NASDAQ:GECC) declared a quarterly dividend on Tuesday, November 4th. Investors of record on Monday, December 15th will be paid a dividend of 0.37 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 19.5%. The ex-dividend date of this dividend is Monday, December 15th.

Great Elm Capital Group has decreased its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years. Great Elm Capital Group has a payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Great Elm Capital Group to earn $1.41 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 105.0%.

Great Elm Capital Group Trading Up 1.7%

NASDAQ GECC traded up $0.13 during trading on Wednesday, reaching $7.60. 29,208 shares of the stock traded hands, compared to its average volume of 69,214. The firm has a market cap of $87.87 million, a price-to-earnings ratio of 4.86 and a beta of 0.90. The stock’s 50-day moving average price is $9.49 and its 200 day moving average price is $10.30. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.40. Great Elm Capital Group has a fifty-two week low of $7.18 and a fifty-two week high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $7.58 million during the quarter, compared to analyst estimates of $10.48 million. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. Analysts predict that Great Elm Capital Group will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Great Elm Capital Group stock. Ethos Financial Group LLC acquired a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,309 shares of the financial services provider’s stock, valued at approximately $268,000. Ethos Financial Group LLC owned approximately 0.23% of Great Elm Capital Group as of its most recent SEC filing. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital Group 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.