Great Elm Capital Corp (NASDAQ:GECC) insider Peter A. Reed bought 3,000 shares of the stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of $8.40 per share, with a total value of $25,200.00. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NASDAQ:GECC traded up $0.04 during trading hours on Thursday, hitting $8.36. The stock had a trading volume of 4,803 shares, compared to its average volume of 44,817. Great Elm Capital Corp has a one year low of $7.76 and a one year high of $10.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%. The firm had revenue of $6.18 million during the quarter, compared to the consensus estimate of $6.96 million. On average, sell-side analysts forecast that Great Elm Capital Corp will post 1.45 earnings per share for the current year.
A hedge fund recently raised its stake in Great Elm Capital stock. Quantum Capital Management raised its position in Great Elm Capital Corp (NASDAQ:GECC) by 27.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,920 shares of the financial services provider’s stock after purchasing an additional 37,932 shares during the period. Quantum Capital Management owned approximately 1.63% of Great Elm Capital worth $1,687,000 as of its most recent filing with the SEC. 5.32% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of Great Elm Capital from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, August 15th.
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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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