Analysts expect that Great Elm Capital (NASDAQ:GECC) will post $6.75 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Great Elm Capital’s earnings. The lowest sales estimate is $6.50 million and the highest is $7.00 million. Great Elm Capital reported sales of $7.32 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The business is expected to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Great Elm Capital will report full-year sales of $6.75 million for the current financial year, with estimates ranging from $23.34 million to $26.40 million. For the next financial year, analysts expect that the company will post sales of $26.53 million per share, with estimates ranging from $25.45 million to $27.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Great Elm Capital.
Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings data on Monday, March 12th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.29 by $0.31. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.93%. The business had revenue of $9.71 million for the quarter, compared to analyst estimates of $6.02 million.
GECC has been the topic of several recent research reports. ValuEngine lowered shares of Great Elm Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Great Elm Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Ladenburg Thalmann Financial Services initiated coverage on shares of Great Elm Capital in a research report on Thursday, March 15th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.50.
Great Elm Capital stock opened at $9.25 on Friday. Great Elm Capital has a 52 week low of $8.76 and a 52 week high of $11.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $100.56, a P/E ratio of 6.09 and a beta of 0.51.
The company also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.083 dividend. The ex-dividend date is Friday, April 27th. This represents a $1.00 dividend on an annualized basis and a yield of 10.77%. Great Elm Capital’s dividend payout ratio (DPR) is 65.79%.
In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 2,706 shares of the company’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $9.33, for a total value of $25,246.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 30,235 shares of company stock worth $278,217.
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About Great Elm Capital
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
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