Great Elm Capital Corp. (NASDAQ:GECC) Director Buys $26,750.00 in Stock

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Richard M. Cohen bought 2,500 shares of the company's stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $10.70 per share, with a total value of $26,750.00. Following the acquisition, the director now directly owns 2,500 shares of the company's stock, valued at approximately $26,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Great Elm Capital Stock Up 0.5%

Shares of GECC traded up $0.06 during mid-day trading on Friday, hitting $11.05. 45,885 shares of the company's stock were exchanged, compared to its average volume of 20,728. The stock's 50-day moving average is $10.38 and its 200-day moving average is $10.48. The company has a market cap of $127.56 million, a price-to-earnings ratio of 16.01 and a beta of 1.09. Great Elm Capital Corp. has a fifty-two week low of $8.87 and a fifty-two week high of $11.39. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $7.97 million for the quarter, compared to analyst estimates of $12.11 million. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. On average, sell-side analysts anticipate that Great Elm Capital Corp. will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 13.39%. The ex-dividend date is Monday, June 16th. Great Elm Capital's dividend payout ratio is presently 370.00%.

Institutional Investors Weigh In On Great Elm Capital

Several hedge funds have recently modified their holdings of GECC. Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital during the 4th quarter worth $129,000. Virtu Financial LLC purchased a new stake in shares of Great Elm Capital during the 4th quarter worth about $176,000. Northern Trust Corp purchased a new position in Great Elm Capital in the 4th quarter worth approximately $187,000. Ethos Financial Group LLC purchased a new position in Great Elm Capital in the 1st quarter worth approximately $268,000. Finally, Northern Right Capital Management L.P. boosted its holdings in Great Elm Capital 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 acquiring an additional 237,367 shares during the period. 38.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Great Elm Capital from a "buy" rating to a "hold" rating in a research report on Saturday, May 31st.

Great Elm Capital Company Profile

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.