Janney Montgomery Scott Cuts Great Elm Capital Group (NASDAQ:GECC) Price Target to $10.00

Great Elm Capital Group (NASDAQ:GECC) had its price objective reduced by Janney Montgomery Scott from $12.00 to $10.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on the stock. Capital One Financial set a $11.00 price target on shares of Great Elm Capital Group in a research report on Tuesday, September 30th. Wall Street Zen lowered Great Elm Capital Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Great Elm Capital Group in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Great Elm Capital Group Stock Performance

Shares of Great Elm Capital Group stock opened at $7.74 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.08 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average price is $9.27 and its 200-day moving average price is $10.25. The firm has a market cap of $108.36 million, a P/E ratio of -13.82 and a beta of 0.90. Great Elm Capital Group has a 12 month low of $7.18 and a 12 month high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Great Elm Capital Group had a positive return on equity of 10.97% and a negative net margin of 17.08%.The business had revenue of $7.58 million during the quarter, compared to analysts’ expectations of $10.48 million. On average, equities research analysts expect that Great Elm Capital Group will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a yield of 19.1%. Great Elm Capital Group’s dividend payout ratio is presently -264.29%.

Hedge Funds Weigh In On Great Elm Capital Group

A number of large investors have recently made changes to their positions in GECC. Trust Co. of Toledo NA OH purchased a new stake in shares of Great Elm Capital Group during the 2nd quarter valued at $41,000. Crestwood Advisors Group LLC grew its stake in Great Elm Capital Group by 95.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider’s stock worth $245,000 after buying an additional 11,956 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new position in Great Elm Capital Group during the 1st quarter valued at about $268,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Group 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.