Great Elm Capital (NASDAQ:GECC) Trading Down 1.2%

Great Elm Capital Corp. (NASDAQ:GECC)’s stock price traded down 1.2% on Wednesday . The stock traded as low as $10.24 and last traded at $10.33. 2,090 shares were traded during trading, a decline of 88% from the average session volume of 17,531 shares. The stock had previously closed at $10.46.

Great Elm Capital Price Performance

The firm has a market capitalization of $97.62 million, a price-to-earnings ratio of 3.11 and a beta of 1.53. The company’s 50 day moving average is $10.58 and its 200 day moving average is $10.35. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.42.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings results on Thursday, February 29th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $9.16 million during the quarter, compared to analyst estimates of $8.95 million. Great Elm Capital had a net margin of 70.71% and a return on equity of 13.21%. On average, equities research analysts anticipate that Great Elm Capital Corp. will post 1.69 earnings per share for the current fiscal year.

Great Elm Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.40 annualized dividend and a dividend yield of 13.55%. Great Elm Capital’s dividend payout ratio is 42.17%.

Hedge Funds Weigh In On Great Elm Capital

A number of institutional investors have recently modified their holdings of GECC. Cruiser Capital Advisors LLC boosted its stake in shares of Great Elm Capital by 5.1% in the 4th quarter. Cruiser Capital Advisors LLC now owns 74,426 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 3,615 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Great Elm Capital in the fourth quarter valued at approximately $127,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Great Elm Capital during the third quarter worth $143,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Great Elm Capital by 99.8% during the third quarter. Acadian Asset Management LLC now owns 43,785 shares of the financial services provider’s stock worth $430,000 after buying an additional 21,871 shares in the last quarter. Institutional investors and hedge funds own 38.75% of the company’s stock.

About Great Elm Capital

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.