Great Elm Capital (NASDAQ:GECC) Trading Up 1.1%

Great Elm Capital Corp. (NASDAQ:GECC – Get Rating) was up 1.1% on Tuesday . The company traded as high as $8.86 and last traded at $8.85. Approximately 10,930 shares changed hands during trading, a decline of 39% from the average daily volume of 18,060 shares. The stock had previously closed at $8.75.

Great Elm Capital Price Performance

The business has a 50 day moving average of $9.14 and a two-hundred day moving average of $10.35. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.11 and a current ratio of 0.11.

Great Elm Capital (NASDAQ:GECC – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). Great Elm Capital had a negative net margin of 129.91% and a negative return on equity of 16.59%. The business had revenue of $6.03 million during the quarter, compared to analysts’ expectations of $6.52 million. As a group, equities analysts forecast that Great Elm Capital Corp. will post 1.81 EPS for the current fiscal year.

Great Elm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 20.34%. The ex-dividend date of this dividend was Wednesday, December 14th.

Institutional Trading of Great Elm Capital

Several institutional investors have recently bought and sold shares of GECC. Royal Bank of Canada acquired a new stake in Great Elm Capital in the first quarter valued at approximately $31,000. Millennium Management LLC acquired a new stake in Great Elm Capital in the second quarter valued at approximately $214,000. CSS LLC IL purchased a new position in shares of Great Elm Capital in the second quarter valued at approximately $193,000. UBS Group AG lifted its position in shares of Great Elm Capital by 111.1% in the third quarter. UBS Group AG now owns 3,631 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Latigo Investments LLC purchased a new position in shares of Great Elm Capital in the third quarter valued at approximately $7,426,000. 41.94% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Company Profile

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Great Elm Capital is an externally-managed business development company that invests in the debt instruments of middle-market companies. The company seeks to generate current income and capital appreciation through debt and equity investments and invests primarily in senior secured and senior unsecured debt instruments, as well as in junior loans and mezzanine debt of middle-market companies and small businesses.