Great Elm Capital Group, Inc. (NASDAQ:GECC) Short Interest Up 57.4% in February

Great Elm Capital Group, Inc. (NASDAQ:GECC) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 345,331 shares, an increase of 57.4% from the January 29th total of 219,374 shares. Based on an average daily volume of 70,825 shares, the days-to-cover ratio is presently 4.9 days. Currently, 2.7% of the company’s shares are sold short. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 70,825 shares, the days-to-cover ratio is presently 4.9 days.

Great Elm Capital Group Stock Down 0.5%

Shares of GECC traded down $0.03 during midday trading on Monday, reaching $6.23. 47,379 shares of the company were exchanged, compared to its average volume of 59,538. Great Elm Capital Group has a 1-year low of $6.07 and a 1-year high of $11.45. The stock has a 50-day moving average price of $6.84 and a 200-day moving average price of $8.22. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.43. The company has a market cap of $87.21 million, a price-to-earnings ratio of -11.13 and a beta of 0.62.

Great Elm Capital Group (NASDAQ:GECC) last announced its earnings results on Monday, March 2nd. The financial services provider reported ($1.74) EPS for the quarter, missing the consensus estimate of $0.32 by ($2.06). The company had revenue of ($39.96) million for the quarter, compared to analysts’ expectations of $13.16 million. Great Elm Capital Group had a negative net margin of 17.08% and a positive return on equity of 10.97%. Research analysts expect that Great Elm Capital Group will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GECC. Janney Montgomery Scott cut their price target on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Zacks Research upgraded Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Great Elm Capital Group in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.50.

Hedge Funds Weigh In On Great Elm Capital Group

A number of institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its holdings in Great Elm Capital Group by 247.9% in the fourth quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 75,588 shares during the last quarter. Granby Capital Management LLC bought a new stake in Great Elm Capital Group during the fourth quarter valued at $352,000. Jane Street Group LLC bought a new stake in shares of Great Elm Capital Group during the 4th quarter valued at about $220,000. TrueMark Investments LLC acquired a new stake in shares of Great Elm Capital Group during the 4th quarter worth approximately $148,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Great Elm Capital Group in the third quarter worth $169,000. Institutional investors and hedge funds own 38.75% of the company’s stock.

About Great Elm Capital Group

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.