Great Elm Capital Group (NASDAQ:GECC – Get 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.
Great Elm Capital Group Price Performance
Great Elm Capital Group (NASDAQ:GECC – Get 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
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.
Featured Stories
- Five stocks we like better than Great Elm Capital Group
- As AI Data Breaches Become More Common, This Cybersecurity ETF Is SurgingAI
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
- FedEx Unboxes Billions in Post-Spinoff Value
- Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow
Receive News & Ratings for Great Elm Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
