Brokerages forecast that Great Elm Capital (NASDAQ:GECC) will announce sales of $6.99 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Great Elm Capital’s earnings, with estimates ranging from $6.97 million to $7.00 million. Great Elm Capital reported sales of $6.24 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Great Elm Capital will report full year sales of $27.25 million for the current financial year, with estimates ranging from $25.70 million to $28.80 million. For the next fiscal year, analysts forecast that the company will post sales of $26.93 million per share, with estimates ranging from $23.65 million to $30.20 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Great Elm Capital.
Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. Great Elm Capital had a positive return on equity of 12.75% and a negative net margin of 34.01%. The firm had revenue of $7.50 million during the quarter, compared to analyst estimates of $6.75 million.
A number of equities research analysts have weighed in on the company. ValuEngine lowered Great Elm Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Ladenburg Thalmann assumed coverage on Great Elm Capital in a research report on Thursday, March 15th. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered Great Elm Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Great Elm Capital presently has a consensus rating of “Buy” and a consensus price target of $12.75.
In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 7,145 shares of Great Elm Capital stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $9.11, for a total transaction of $65,090.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 46,491 shares of company stock valued at $428,014. 0.27% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management grew its stake in Great Elm Capital (NASDAQ:GECC) by 117.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,791 shares of the financial services provider’s stock after acquiring an additional 68,993 shares during the quarter. Quantum Capital Management owned about 1.20% of Great Elm Capital worth $1,178,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.71% of the company’s stock.
Shares of GECC stock traded down $0.10 on Friday, reaching $9.32. 5,755 shares of the company’s stock were exchanged, compared to its average volume of 13,718. Great Elm Capital has a 52 week low of $8.76 and a 52 week high of $11.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market capitalization of $100.13 million, a P/E ratio of 6.20 and a beta of 0.49.
The company also recently announced a monthly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.69%. The ex-dividend date of this dividend is Thursday, September 27th. Great Elm Capital’s dividend payout ratio (DPR) is presently 65.79%.
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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