Great Elm Capital Corp (NASDAQ:GECC) Director Mark Kuperschmid bought 7,182 shares of the stock in a transaction on Tuesday, December 4th. The stock was purchased at an average cost of $8.35 per share, with a total value of $59,969.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
GECC traded up $0.05 on Thursday, reaching $8.36. The stock had a trading volume of 1,590 shares, compared to its average volume of 44,817. Great Elm Capital Corp has a fifty-two week low of $7.76 and a fifty-two week high of $10.44. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.60. The stock has a market cap of $88.52 million, a PE ratio of 5.50 and a beta of 1.23.
Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Great Elm Capital had a return on equity of 14.91% and a net margin of 27.93%. The firm had revenue of $6.18 million during the quarter, compared to analyst estimates of $6.96 million. On average, equities research analysts expect that Great Elm Capital Corp will post 1.45 EPS for the current year.
A hedge fund recently raised its stake in Great Elm Capital stock. Acadian Asset Management LLC boosted its position in Great Elm Capital Corp (NASDAQ:GECC) by 103.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,885 shares of the financial services provider’s stock after purchasing an additional 8,578 shares during the period. Acadian Asset Management LLC owned 0.16% of Great Elm Capital worth $164,000 at the end of the most recent quarter. 5.32% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research cut Great Elm Capital from a “hold” rating to a “sell” rating in a report on Friday, November 16th.
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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.
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