Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 16,200 shares, a decline of 13.8% from the September 30th total of 18,800 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

Insider Transactions at Great Elm Capital

In related news, Director Matthew A. Drapkin acquired 9,600 shares of the stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the purchase, the director now owns 75,716 shares in the company, valued at approximately $751,102.72. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Matthew A. Drapkin bought 9,600 shares of Great Elm Capital stock in a transaction dated Monday, September 16th. The shares were bought at an average price of $9.92 per share, for a total transaction of $95,232.00. Following the purchase, the director now owns 75,716 shares of the company’s stock, valued at approximately $751,102.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew A. Drapkin bought 3,189 shares of the stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average cost of $10.01 per share, for a total transaction of $31,921.89. Following the acquisition, the director now owns 64,806 shares in the company, valued at $648,708.06. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Great Elm Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its position in Great Elm Capital by 13.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 3,214 shares during the period. Cruiser Capital Advisors LLC raised its stake in shares of Great Elm Capital by 28.8% during the first quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 21,422 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in Great Elm Capital in the third quarter valued at approximately $127,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Price Performance

Shares of Great Elm Capital stock traded down $0.35 during trading on Thursday, reaching $9.68. The company’s stock had a trading volume of 20,321 shares, compared to its average volume of 17,922. The stock has a 50-day moving average price of $10.18 and a two-hundred day moving average price of $10.26. The stock has a market capitalization of $91.50 million, a P/E ratio of 4.40 and a beta of 1.60. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 1.38. Great Elm Capital has a one year low of $8.38 and a one year high of $11.82.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Great Elm Capital had a net margin of 27.61% and a return on equity of 11.40%. The company had revenue of $9.55 million during the quarter, compared to analyst estimates of $9.77 million. During the same period in the prior year, the business earned $0.44 EPS. As a group, sell-side analysts anticipate that Great Elm Capital will post 1.42 EPS for the current fiscal year.

Great Elm Capital Company Profile

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.