Great Elm Capital Corp. (NASDAQ:GECC) Director Richard M. Cohen Buys 3,500 Shares

Great Elm Capital Corp. (NASDAQ:GECC) Director Richard M. Cohen acquired 3,500 shares of Great Elm Capital stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $38,955.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $111,300. The trade was a 53.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Great Elm Capital Price Performance

NASDAQ:GECC opened at $11.10 on Thursday. The company has a market cap of $128.14 million, a P/E ratio of 16.09 and a beta of 1.09. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. Great Elm Capital Corp. has a one year low of $8.87 and a one year high of $11.48. The firm’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $10.46.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings data on Monday, May 5th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $7.97 million for the quarter, compared to analyst estimates of $12.11 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. Equities analysts expect that Great Elm Capital Corp. will post 1.43 earnings per share for the current year.

Great Elm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.48 dividend on an annualized basis and a yield of 13.33%. Great Elm Capital’s dividend payout ratio (DPR) is currently 370.00%.

Institutional Investors Weigh In On Great Elm Capital

Several hedge funds and other institutional investors have recently made changes to their positions in GECC. Two Sigma Securities LLC purchased a new position in Great Elm Capital in the 4th quarter valued at approximately $129,000. Virtu Financial LLC bought a new stake in Great Elm Capital in the 4th quarter worth $176,000. Northern Trust Corp bought a new position in Great Elm Capital during the 4th quarter valued at approximately $187,000. Ethos Financial Group LLC purchased a new stake in Great Elm Capital in the first quarter worth about $268,000. Finally, Northern Right Capital Management L.P. boosted its holdings in shares of Great Elm Capital by 29.7% during the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock valued at $11,384,000 after acquiring an additional 237,367 shares during the last quarter. 38.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Great Elm Capital from a “buy” rating to a “hold” rating in a research report on Saturday, May 31st.

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.