Shares of Great Elm Capital (NASDAQ:GECC) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.33.
Several research analysts have recently issued reports on GECC shares. ValuEngine cut shares of Great Elm Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Great Elm Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Ladenburg Thalmann Financial Services started coverage on shares of Great Elm Capital in a report on Thursday, March 15th. They issued a “neutral” rating for the company.
A hedge fund recently bought a new stake in Great Elm Capital stock. Quantum Capital Management purchased a new stake in Great Elm Capital (NASDAQ:GECC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 49,056 shares of the financial services provider’s stock, valued at approximately $512,000. Quantum Capital Management owned about 0.46% of Great Elm Capital at the end of the most recent reporting period. 8.06% of the stock is owned by hedge funds and other institutional investors.
Shares of GECC stock traded down $0.61 during trading on Thursday, hitting $9.23. 29,894 shares of the stock traded hands, compared to its average volume of 10,992. Great Elm Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $104.30, a PE ratio of -42.78 and a beta of 0.47.
Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Monday, March 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.31. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.93%. The business had revenue of $9.71 million during the quarter, compared to analysts’ expectations of $6.02 million. analysts expect that Great Elm Capital will post 1.04 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be given a $0.083 dividend. The ex-dividend date is Friday, April 27th. This represents a $1.00 annualized dividend and a yield of 10.79%. Great Elm Capital’s dividend payout ratio (DPR) is -434.78%.
About Great Elm Capital
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
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