Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Trading 0.2% Higher After Dividend Announcement

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI)’s share price was up 0.2% on Wednesday after the company announced a dividend. The stock traded as high as $25.39 and last traded at $25.3550. 1,659 shares changed hands during trading, a decline of 44% from the average daily volume of 2,956 shares. The stock had previously closed at $25.31.

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

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Up 0.2%

The stock’s 50 day moving average is $25.28 and its 200 day moving average is $25.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new position in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.