Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Price Down 0.3% – Here’s Why

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) shares were down 0.3% during mid-day trading on Thursday . The stock traded as low as $24.97 and last traded at $25.0350. Approximately 240 shares changed hands during trading, a decline of 93% from the average daily volume of 3,254 shares. The stock had previously closed at $25.11.

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

The stock has a 50 day simple moving average of $25.37 and a 200 day simple moving average of $25.29.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.5313 dividend. 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 8.5%.

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

An institutional investor recently bought a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.