Great Elm Capital Corp. (NASDAQ:GECC) Sees Large Increase in Short Interest

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 35,100 shares, an increase of 18.6% from the April 30th total of 29,600 shares. Based on an average daily trading volume, of 24,200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.4% of the company's shares are short sold.

Analyst Ratings Changes

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

Great Elm Capital Stock Up 0.9%

Shares of NASDAQ GECC traded up $0.10 during trading on Friday, hitting $10.68. 24,484 shares of the company traded hands, compared to its average volume of 20,780. The firm has a market capitalization of $123.23 million, a price-to-earnings ratio of 15.47 and a beta of 1.08. The business's fifty day moving average is $10.22 and its 200 day moving average is $10.44. 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 has a fifty-two week low of $8.87 and a fifty-two week high of $11.39.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business 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%. Equities research analysts predict that Great Elm Capital will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.86%. The ex-dividend date of this dividend is Monday, June 16th. Great Elm Capital's payout ratio is 370.00%.

Institutional Trading of Great Elm Capital

Several hedge funds have recently bought and sold shares of GECC. Northern Right Capital Management L.P. raised its holdings in Great Elm Capital by 29.7% during 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 buying an additional 237,367 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Great Elm Capital in the 1st quarter worth about $268,000. Northern Trust Corp bought a new position in Great Elm Capital in the 4th quarter valued at about $187,000. Virtu Financial LLC acquired a new position in Great Elm Capital during the 4th quarter valued at about $176,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Great Elm Capital in the fourth quarter worth approximately $129,000. Institutional investors and hedge funds own 38.75% of the company's stock.

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.