Great Elm Capital Group (NASDAQ:GECC) Issues Earnings Results, Misses Estimates By $0.04 EPS

Great Elm Capital Group (NASDAQ:GECC) released its quarterly earnings data on Tuesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04), Zacks reports. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%.

Great Elm Capital Group Price Performance

Shares of GECC traded down $0.01 during midday trading on Tuesday, reaching $7.47. The stock had a trading volume of 63,969 shares, compared to its average volume of 69,375. Great Elm Capital Group has a 52 week low of $7.18 and a 52 week high of $11.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.08 and a quick ratio of 0.08. The firm’s 50 day moving average price is $9.56 and its 200-day moving average price is $10.32. The company has a market capitalization of $86.43 million, a P/E ratio of 4.79 and a beta of 0.91.

Analysts Set New Price Targets

GECC has been the subject of a number of analyst reports. Wall Street Zen lowered Great Elm Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Great Elm Capital Group in a research report on Friday. Finally, Capital One Financial set a $11.00 target price on Great Elm Capital Group in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Great Elm Capital Group has an average rating of “Hold” and an average target price of $11.00.

About Great Elm Capital Group

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.