Great Elm Capital (NASDAQ:GECC) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 13th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
Great Elm Capital (NASDAQ:GECC) last released its earnings results on Friday, August 10th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. Great Elm Capital had a negative net margin of 16.40% and a positive return on equity of 15.45%. The company had revenue of $7.16 million for the quarter, compared to the consensus estimate of $6.99 million. On average, analysts expect Great Elm Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Great Elm Capital stock traded up $0.03 during trading hours on Wednesday, reaching $8.12. 195 shares of the company’s stock traded hands, compared to its average volume of 286,745. 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 fifty-two week low of $7.76 and a fifty-two week high of $10.44. The company has a market cap of $86.50 million, a PE ratio of 5.34 and a beta of 1.21.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.083 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 12.27%. Great Elm Capital’s payout ratio is presently 65.79%.
In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 45,448 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $9.68, for a total transaction of $439,936.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th.
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About Great Elm Capital
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.
Read More: Retained Earnings
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