Mast Capital Management, Llc Sells 50,544 Shares of GREAT ELM CAP C (NASDAQ:GECC) Stock

GREAT ELM CAP C (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 50,544 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $10.12, for a total value of $511,505.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

  • On Thursday, October 26th, Mast Capital Management, Llc sold 600 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.23, for a total value of $6,138.00.
  • On Thursday, October 19th, Mast Capital Management, Llc sold 49,156 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.11, for a total value of $496,967.16.
  • On Wednesday, October 11th, Mast Capital Management, Llc sold 11,892 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.15, for a total value of $120,703.80.
  • On Monday, October 9th, Mast Capital Management, Llc sold 29,667 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.32, for a total value of $306,163.44.
  • On Wednesday, October 4th, Mast Capital Management, Llc sold 18,605 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.41, for a total value of $193,678.05.
  • On Friday, September 29th, Mast Capital Management, Llc sold 82,780 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.47, for a total value of $866,706.60.
  • On Tuesday, September 26th, Mast Capital Management, Llc sold 17,223 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.58, for a total transaction of $182,219.34.
  • On Thursday, September 21st, Mast Capital Management, Llc sold 59,676 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.65, for a total transaction of $635,549.40.
  • On Friday, September 15th, Mast Capital Management, Llc sold 12,761 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.78, for a total value of $137,563.58.
  • On Friday, September 8th, Mast Capital Management, Llc sold 600 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.93, for a total value of $6,558.00.

GREAT ELM CAP C (NASDAQ GECC) opened at 10.31 on Friday. GREAT ELM CAP C has a 52-week low of $9.98 and a 52-week high of $11.82. The stock’s 50 day moving average price is $10.49 and its 200 day moving average price is $10.70.

GREAT ELM CAP C (NASDAQ:GECC) last issued its quarterly earnings data on Monday, August 14th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. The company had revenue of $6.24 million for the quarter, compared to the consensus estimate of $5.20 million. On average, equities research analysts forecast that GREAT ELM CAP C will post $0.97 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.083 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 9.66%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC acquired a new stake in GREAT ELM CAP C during the second quarter worth approximately $112,000. GRT Capital Partners L.L.C. acquired a new stake in GREAT ELM CAP C during the second quarter worth approximately $237,000. Royal Bank of Canada acquired a new stake in GREAT ELM CAP C during the second quarter worth approximately $512,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in GREAT ELM CAP C by 1.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 871 shares during the period. 9.51% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut GREAT ELM CAP C from a “buy” rating to a “hold” rating in a report on Thursday, September 21st.

Insider Buying and Selling by Quarter for GREAT ELM CAP C (NASDAQ:GECC)

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