Great Elm Capital (GECC) Receives Average Recommendation of “Hold” from Analysts

Shares of Great Elm Capital (NASDAQ:GECC) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.33.

Several research analysts recently issued reports on the stock. ValuEngine lowered shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Great Elm Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Finally, Ladenburg Thalmann assumed coverage on shares of Great Elm Capital in a research note on Thursday, March 15th. They set a “neutral” rating on the stock.

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In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 18,606 shares of the firm’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $9.21, for a total value of $171,361.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 30,235 shares of company stock worth $278,217 over the last ninety days.

Shares of NASDAQ GECC opened at $9.25 on Monday. The firm has a market cap of $98.53, a P/E ratio of 6.09 and a beta of 0.51. Great Elm Capital has a 12-month low of $8.76 and a 12-month 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.

Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Monday, March 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.31. The business had revenue of $9.71 million for the quarter, compared to analyst estimates of $6.02 million. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.93%. equities research analysts predict that Great Elm Capital will post 1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be paid a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.77%. The ex-dividend date of this dividend is Friday, April 27th. Great Elm Capital’s dividend payout ratio (DPR) is 65.79%.

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Great Elm Capital Company Profile

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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