Great Elm Capital Corp. (NASDAQ:GECC) Director Acquires $55,900.00 in Stock

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Richard M. Cohen purchased 5,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $11.18 per share, for a total transaction of $55,900.00. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $167,700. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Great Elm Capital Stock Performance

GECC traded up $0.06 on Friday, reaching $11.05. The company had a trading volume of 45,876 shares, compared to its average volume of 20,796. The company's fifty day moving average is $10.34 and its 200 day moving average is $10.47. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $127.56 million, a P/E 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 $11.40.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last posted its 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 the consensus estimate of $12.11 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. As a group, analysts predict that Great Elm Capital Corp. will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Announces Dividend

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

Institutional Investors Weigh In On Great Elm Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new stake in Great Elm Capital in the 4th quarter worth about $129,000. Virtu Financial LLC bought a new stake in shares of Great Elm Capital during the 4th quarter valued at $176,000. Northern Trust Corp bought a new stake in shares of Great Elm Capital during the 4th quarter valued at $187,000. Ethos Financial Group LLC acquired a new stake in shares of Great Elm Capital during the 1st quarter worth $268,000. Finally, Northern Right Capital Management L.P. increased its position in shares of Great Elm Capital by 29.7% in the fourth 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. Institutional investors and hedge funds own 38.75% of the company's stock.

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.