Great Elm Capital Group (NASDAQ:GECC) Rating Increased to Strong-Buy at Zacks Research

Great Elm Capital Group (NASDAQ:GECCGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Clear Str cut Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Get Our Latest Report on GECC

Great Elm Capital Group Price Performance

GECC stock opened at $6.08 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $84.45 million, a PE ratio of -2.54 and a beta of 0.75. Great Elm Capital Group has a 12-month low of $4.63 and a 12-month high of $11.45. The business’s fifty day moving average price is $5.53 and its 200 day moving average price is $6.34.

Great Elm Capital Group (NASDAQ:GECCGet Free Report) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of ($1.91) million for the quarter, compared to the consensus estimate of $10.74 million. Great Elm Capital Group had a positive return on equity of 14.16% and a negative net margin of 70.13%. On average, sell-side analysts anticipate that Great Elm Capital Group will post 1.1 EPS for the current year.

Institutional Trading of Great Elm Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Rangeley Capital LLC purchased a new stake in shares of Great Elm Capital Group in the 1st quarter valued at about $50,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Great Elm Capital Group in the 4th quarter valued at about $70,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Great Elm Capital Group in the 3rd quarter valued at about $145,000. TrueMark Investments LLC purchased a new stake in shares of Great Elm Capital Group in the 4th quarter valued at about $148,000. Finally, Virtu Financial LLC purchased a new stake in shares of Great Elm Capital Group in the 3rd quarter valued at about $160,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

About Great Elm Capital Group

(Get Free Report)

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.

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