Northern Right Capital Management L.P. Decreases Stock Position in Great Elm Capital Group, Inc. $GECC

Key Points

• Northern Right Capital Management L.P. sold 237,367 shares of Great Elm Capital Group, reducing its stake by 22.9% to 798,471 shares, which represent about 3.3% of its investment portfolio.
• Great Elm Capital Group has been upgraded from a "hold" to a "buy" rating by Wall Street analysts, indicating increased confidence in the stock's potential performance.
• The company recently declared a quarterly dividend of $0.37, yielding an annualized dividend of $1.48, which represents 13.2% of its stock price.

Northern Right Capital Management L.P. decreased its stake in Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 798,471 shares of the financial services provider's stock after selling 237,367 shares during the period. Great Elm Capital Group accounts for 3.3% of Northern Right Capital Management L.P.'s portfolio, making the stock its 13th largest position. Northern Right Capital Management L.P. owned approximately 6.92% of Great Elm Capital Group worth $8,136,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Ethos Financial Group LLC purchased a new position in Great Elm Capital Group in the 1st quarter worth about $268,000. 38.75% of the stock is currently owned by institutional investors.

Great Elm Capital Group Stock Performance

Shares of Great Elm Capital Group stock traded up $0.03 on Friday, hitting $11.28. The stock had a trading volume of 43,026 shares, compared to its average volume of 25,776. The business's 50 day moving average is $11.03 and its two-hundred day moving average is $10.65. The stock has a market cap of $130.51 million, a price-to-earnings ratio of 7.23 and a beta of 1.08. Great Elm Capital Group, Inc. has a twelve month low of $8.87 and a twelve month high of $11.39. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.40.

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

Great Elm Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 13.1%. Great Elm Capital Group's dividend payout ratio is currently 94.87%.

Insider Activity

In other news, Director Richard M. Cohen bought 3,100 shares of Great Elm Capital Group stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 18,100 shares in the company, valued at $198,195. The trade was a 20.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 15,600 shares of company stock valued at $172,840 in the last quarter. Company insiders own 8.70% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Great Elm Capital Group from a "hold" rating to a "buy" rating in a report on Saturday, August 30th.

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.