Great Elm Capital (NASDAQ:GECC) Trading Down 1.2%

Great Elm Capital Corp. (NASDAQ:GECC)’s share price dropped 1.2% during mid-day trading on Wednesday . The company traded as low as $10.24 and last traded at $10.33. Approximately 2,090 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 17,531 shares. The stock had previously closed at $10.46.

Great Elm Capital Stock Performance

The company has a market cap of $97.62 million, a P/E ratio of 3.11 and a beta of 1.53. The company’s fifty day moving average is $10.58 and its 200 day moving average is $10.35. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.42.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings results on Thursday, February 29th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $9.16 million for the quarter, compared to analysts’ expectations of $8.95 million. Great Elm Capital had a net margin of 70.71% and a return on equity of 13.21%. As a group, equities analysts predict that Great Elm Capital Corp. will post 1.69 earnings per share for the current fiscal year.

Great Elm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.55%. The ex-dividend date was Friday, March 15th. Great Elm Capital’s dividend payout ratio (DPR) is currently 42.17%.

Institutional Trading of Great Elm Capital

Large investors have recently bought and sold shares of the company. Cruiser Capital Advisors LLC increased its stake in shares of Great Elm Capital by 5.1% in the 4th quarter. Cruiser Capital Advisors LLC now owns 74,426 shares of the financial services provider’s stock worth $792,000 after acquiring an additional 3,615 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Great Elm Capital by 99.8% in the third quarter. Acadian Asset Management LLC now owns 43,785 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 21,871 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Great Elm Capital during the third quarter valued at approximately $143,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Great Elm Capital in the 4th quarter worth approximately $127,000. 38.75% of the stock is owned by institutional investors.

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.