Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Price Down 0.1% – Should You Sell?

Shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) were down 0.1% during mid-day trading on Thursday . The company traded as low as $25.19 and last traded at $25.19. 422 shares were traded during trading, a decline of 86% from the average daily volume of 3,082 shares. The stock had previously closed at $25.22.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

The business has a fifty day simple moving average of $25.28 and a 200 day simple moving average of $25.27.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.5313 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53. This represents a $2.12 annualized dividend and a dividend yield of 8.4%.

Institutional Investors Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

An institutional investor recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.