Ethos Financial Group LLC Takes Position in Great Elm Capital Group, Inc. $GECC

Key Points

• Ethos Financial Group LLC acquired a new stake in Great Elm Capital Group, purchasing 26,309 shares valued at approximately $268,000, representing about 0.23% of the company's stock.
• Great Elm Capital Group recently announced a quarterly dividend of $0.37, which translates to an annualized dividend of $1.48 and a dividend yield of 13.3%.
• Institutional investors and hedge funds now own 38.75% of Great Elm Capital Group's stock, indicating significant interest from large investors.

Ethos Financial Group LLC acquired a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 26,309 shares of the financial services provider's stock, valued at approximately $268,000. Ethos Financial Group LLC owned approximately 0.23% of Great Elm Capital Group as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GECC. Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital Group in the 4th quarter valued at $129,000. Northern Trust Corp bought a new stake in shares of Great Elm Capital Group in the 4th quarter worth about $187,000. Finally, Northern Right Capital Management L.P. grew its holdings in shares of Great Elm Capital Group by 29.7% in the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider's stock worth $11,384,000 after purchasing an additional 237,367 shares during the last quarter. Institutional investors and hedge funds own 38.75% of the company's stock.

Insider Buying and Selling at Great Elm Capital Group

In other news, Director Richard M. Cohen bought 3,100 shares of the stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $10.95 per share, with a total value of $33,945.00. Following the acquisition, the director owned 18,100 shares in the company, valued at $198,195. This trade represents a 20.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have bought 19,950 shares of company stock valued at $219,163. 8.70% of the stock is currently owned by corporate insiders.

Great Elm Capital Group Stock Up 0.1%

GECC opened at $11.09 on Monday. The firm's 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.59. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.08 and a current ratio of 0.08. Great Elm Capital Group, Inc. has a twelve month low of $8.87 and a twelve month high of $11.39. The firm has a market cap of $128.31 million, a price-to-earnings ratio of 7.11 and a beta of 1.08.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. The business had revenue of $14.28 million for the quarter, compared to analyst estimates of $13.25 million. Equities research analysts anticipate that Great Elm Capital Group, Inc. will post 1.43 EPS for the current fiscal year.

Great Elm Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 13.3%. Great Elm Capital Group's dividend payout ratio is presently 94.87%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Great Elm Capital Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.

About Great Elm Capital Group

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.

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