Great Elm Capital (NASDAQ:GECC) Shares Down 0.4%

Great Elm Capital Corp. (NASDAQ:GECC)’s share price dropped 0.4% during trading on Tuesday . The stock traded as low as $10.02 and last traded at $10.02. Approximately 12,772 shares were traded during trading, a decline of 29% from the average daily volume of 18,105 shares. The stock had previously closed at $10.06.

Great Elm Capital Price Performance

The firm’s 50-day moving average price is $10.29 and its 200 day moving average price is $10.53. The firm has a market cap of $94.78 million, a P/E ratio of 4.56 and a beta of 1.60. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.22.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). The firm had revenue of $8.91 million for the quarter, compared to the consensus estimate of $9.14 million. Great Elm Capital had a return on equity of 12.63% and a net margin of 46.02%. As a group, research analysts expect that Great Elm Capital Corp. will post 1.5 earnings per share for the current year.

Great Elm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.96%. The ex-dividend date was Friday, June 14th. Great Elm Capital’s payout ratio is 63.64%.

Institutional Investors Weigh In On Great Elm Capital

A number of institutional investors and hedge funds have recently bought and sold shares of GECC. Ritholtz Wealth Management purchased a new stake in Great Elm Capital during the fourth quarter valued at about $127,000. Cruiser Capital Advisors LLC lifted its stake in Great Elm Capital by 5.1% during the fourth quarter. Cruiser Capital Advisors LLC now owns 74,426 shares of the financial services provider’s stock valued at $792,000 after buying an additional 3,615 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Great Elm Capital by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock valued at $307,000 after buying an additional 3,214 shares in the last quarter. 38.75% of the stock is owned by institutional investors and hedge funds.

About Great Elm Capital

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.