Great Elm Capital Corp. (NASDAQ:GECC) Director Richard M. Cohen Acquires 5,000 Shares

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Richard M. Cohen acquired 5,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $11.18 per share, with a total value of $55,900.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $167,700. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Great Elm Capital Trading Up 0.5%

Shares of NASDAQ:GECC traded up $0.06 during trading on Friday, reaching $11.05. The company's stock had a trading volume of 45,885 shares, compared to its average volume of 20,728. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. Great Elm Capital Corp. has a 12 month low of $8.87 and a 12 month high of $11.39. The firm's 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $10.48. The stock has a market capitalization of $127.56 million, a PE ratio of 16.01 and a beta of 1.09.

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 analysts' consensus estimates of $0.39 by $0.01. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. The firm had revenue of $7.97 million during the quarter, compared to the consensus estimate of $12.11 million. On average, research analysts predict that Great Elm Capital Corp. will post 1.43 EPS for the current fiscal year.

Great Elm Capital Dividend Announcement

The firm 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.39%. The ex-dividend date is Monday, June 16th. Great Elm Capital's payout ratio is 370.00%.

Institutional Trading of Great Elm Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC purchased a new stake in Great Elm Capital in the 4th quarter worth about $129,000. Virtu Financial LLC purchased a new stake in Great Elm Capital in the 4th quarter worth about $176,000. Northern Trust Corp purchased a new stake in Great Elm Capital in the 4th quarter worth about $187,000. Ethos Financial Group LLC purchased a new stake in Great Elm Capital in the 1st quarter worth about $268,000. Finally, Northern Right Capital Management L.P. raised its position 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 purchasing an additional 237,367 shares during the period. 38.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Great Elm Capital from a "buy" rating to a "hold" rating in a 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.