Great Elm Capital (GECC) Expected to Announce Earnings of $0.31 Per Share

Equities research analysts expect that Great Elm Capital (NASDAQ:GECC) will announce earnings of $0.31 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Great Elm Capital’s earnings, with estimates ranging from $0.28 to $0.34. Great Elm Capital posted earnings of $0.32 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Great Elm Capital will report full-year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.94 to $1.18. For the next year, analysts anticipate that the firm will post earnings of $1.06 per share, with EPS estimates ranging from $0.94 to $1.18. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Great Elm Capital.

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Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Monday, March 12th. The financial services provider reported $0.60 EPS for the quarter, beating 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 company had revenue of $9.71 million during the quarter, compared to analysts’ expectations of $6.02 million.

A number of research firms recently commented on GECC. ValuEngine cut 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 upgraded 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.50.

In related news, major shareholder Mast Capital Management, Llc sold 8,256 shares of the company’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $9.19, for a total transaction of $75,872.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 39,991 shares of company stock worth $367,889 in the last ninety days.

Shares of GECC traded up $0.01 during trading hours on Friday, reaching $9.24. The stock had a trading volume of 7,917 shares, compared to its average volume of 13,702. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.24. Great Elm Capital has a 52 week low of $8.76 and a 52 week high of $11.35. The stock has a market cap of $98.42, a P/E ratio of 6.08 and a beta of 0.51.

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be issued a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date is Friday, April 27th. Great Elm Capital’s dividend payout ratio (DPR) is presently 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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