Great Elm Capital Group (NASDAQ:GECC – Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. The business had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $11.32 million. Great Elm Capital Group had a positive return on equity of 13.59% and a negative net margin of 87.74%.
Great Elm Capital Group Price Performance
Shares of NASDAQ GECC traded up $0.06 during midday trading on Friday, hitting $5.79. The stock had a trading volume of 33,412 shares, compared to its average volume of 84,815. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.57. The stock has a 50 day simple moving average of $5.52 and a 200-day simple moving average of $5.75. The company has a market capitalization of $80.35 million, a PE ratio of -1.96 and a beta of 0.77. Great Elm Capital Group has a 1 year low of $4.63 and a 1 year high of $11.45.
Great Elm Capital Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 17.3%. The ex-dividend date is Tuesday, September 15th. Great Elm Capital Group’s payout ratio is -41.84%.
Institutional Trading of Great Elm Capital Group
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Zacks Research downgraded Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.50.
Check Out Our Latest Stock Analysis on Great Elm Capital Group
About Great Elm Capital Group
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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