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

Great Elm Capital Corp. (NASDAQ:GECC) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 45,800 shares, an increase of 39.2% from the November 15th total of 32,900 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.6% of the company’s shares are sold short.

Insider Buying and Selling

In other Great Elm Capital news, Director Matthew A. Drapkin purchased 9,600 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $9.92 per share, with a total value of $95,232.00. Following the purchase, the director now owns 75,716 shares in the company, valued at approximately $751,102.72. This represents a 14.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new position in Great Elm Capital Corp. (NASDAQ:GECC) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned 0.13% of Great Elm Capital at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.75% of the company’s stock.

Great Elm Capital Trading Up 0.3 %

Shares of GECC traded up $0.03 during mid-day trading on Friday, hitting $10.43. The company had a trading volume of 77,141 shares, compared to its average volume of 17,938. Great Elm Capital has a 1-year low of $9.55 and a 1-year high of $11.31. The business’s 50-day simple moving average is $10.15 and its 200-day simple moving average is $10.25. The stock has a market cap of $108.99 million, a PE ratio of 15.12 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83.

Great Elm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 13.42%. Great Elm Capital’s dividend payout ratio is presently 202.90%.

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.