Great Elm Capital Group, Inc. (NASDAQ:GECC – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 16.7%. The ex-dividend date is Tuesday, September 15th.
Great Elm Capital Group has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Great Elm Capital Group has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Great Elm Capital Group to earn $0.86 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 116.3%.
Great Elm Capital Group Stock Performance
Great Elm Capital Group stock opened at $5.98 on Friday. The company has a market cap of $83.06 million, a PE ratio of -2.03 and a beta of 0.78. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.47. Great Elm Capital Group has a 1 year low of $4.63 and a 1 year high of $11.45. The company’s 50-day moving average is $5.60 and its two-hundred day moving average is $5.59.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of GECC. Papamarkou Wellner Asset Management inc. raised its holdings in Great Elm Capital Group by 54.9% in the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 10,700 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Great Elm Capital Group by 247.9% in the 4th quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock valued at $747,000 after buying an additional 75,588 shares during the period. Jane Street Group LLC acquired a new position in shares of Great Elm Capital Group in the 4th quarter valued at $220,000. Rangeley Capital LLC bought a new stake in shares of Great Elm Capital Group in the 1st quarter valued at $50,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Great Elm Capital Group in the 3rd quarter valued at $145,000. Institutional investors and hedge funds own 38.75% of the company’s stock.
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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