Brokerages Anticipate Great Elm Capital Corp. (GECC) to Post $0.29 EPS

Shares of Great Elm Capital Corp. (NASDAQ:GECC) have earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $12.00 for the company and are forecasting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also given Great Elm Capital an industry rank of 65 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently weighed in on GECC shares. Zacks Investment Research upgraded Great Elm Capital from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, November 10th. ValuEngine cut Great Elm Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Janney Montgomery Scott started coverage on Great Elm Capital in a report on Monday, November 6th. They set a “neutral” rating and a $12.00 price target for the company.

In other news, insider Peter A. Reed bought 3,807 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of $9.85 per share, for a total transaction of $37,498.95. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

An institutional investor recently bought a new position in Great Elm Capital stock. Royal Bank of Canada bought a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 48,245 shares of the financial services provider’s stock, valued at approximately $512,000. 21.49% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital (NASDAQ:GECC) traded up $0.31 during midday trading on Friday, hitting $9.42. The stock had a trading volume of 2,300 shares, compared to its average volume of 13,368. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.61 and a quick ratio of 0.61. Great Elm Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.67.

The company also recently announced a special dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were issued a dividend of $0.20 per share. This represents a yield of 9.78%. The ex-dividend date of this dividend was Thursday, December 28th.

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