Equities research analysts expect Great Elm Capital Corp (NASDAQ:GECC) to post earnings per share of $0.29 for the current quarter, Zacks reports. Two analysts have made estimates for Great Elm Capital’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.31. Great Elm Capital reported earnings per share of $0.32 in the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The company is expected to announce its next quarterly earnings report on Monday, November 5th.
According to Zacks, analysts expect that Great Elm Capital will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.45 to $1.55. For the next year, analysts forecast that the business will report earnings of $1.08 per share, with EPS estimates ranging from $1.02 to $1.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Great Elm Capital.
Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings data on Friday, August 10th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27. The business had revenue of $7.16 million during the quarter, compared to the consensus estimate of $6.99 million. Great Elm Capital had a positive return on equity of 15.45% and a negative net margin of 16.40%.
Separately, Zacks Investment Research downgraded Great Elm Capital from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th.
In related news, major shareholder Mast Capital Management, Llc sold 2,276,279 shares of the stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $7.55, for a total value of $17,185,906.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 boosted its stake in Great Elm Capital Corp (NASDAQ:GECC) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,988 shares of the financial services provider’s stock after purchasing an additional 8,197 shares during the period. Quantum Capital Management owned approximately 1.28% of Great Elm Capital worth $1,257,000 at the end of the most recent reporting period. 6.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GECC stock remained flat at $$8.12 on Monday. The stock had a trading volume of 23,189 shares, compared to its average volume of 41,747. The firm has a market cap of $86.50 million, a P/E ratio of 5.34 and a beta of 1.21. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.60. Great Elm Capital has a 1-year low of $7.76 and a 1-year high of $10.44.
The business also recently declared a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.083 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.00 annualized dividend and a yield of 12.27%. Great Elm Capital’s dividend payout ratio is currently 65.79%.
Great Elm Capital Company Profile
Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.
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