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.
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%.
TRADEMARK VIOLATION NOTICE: This piece was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/09/great-elm-capital-gecc-receives-average-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with MarketBeat.com's FREE daily email newsletter.