Short Interest in Great Elm Capital Corp. (NASDAQ:GECC) Expands By 18.6%

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) was the recipient of 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 volume of 24,200 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the company's stock are short sold.

Institutional Investors Weigh In On Great Elm Capital

A number of institutional investors have recently modified their holdings of GECC. Virtu Financial LLC acquired a new stake in shares of Great Elm Capital in the 4th quarter valued at about $176,000. Two Sigma Securities LLC acquired a new stake in Great Elm Capital during the fourth quarter worth about $129,000. Northern Right Capital Management L.P. raised its stake 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 acquiring an additional 237,367 shares during the period. Northern Trust Corp acquired a new stake in Great Elm Capital during the fourth quarter worth about $187,000. Finally, Ethos Financial Group LLC acquired a new stake in Great Elm Capital during the first quarter worth about $268,000. Institutional investors and hedge funds own 38.75% of the company's stock.

Wall Street Analysts Forecast Growth

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

Great Elm Capital Stock Up 1.2%

Shares of Great Elm Capital stock traded up $0.13 during trading on Friday, reaching $10.71. The company had a trading volume of 28,908 shares, compared to its average volume of 20,760. The company has a market cap of $123.64 million, a price-to-earnings ratio of 15.52 and a beta of 1.09. The firm's fifty day moving average is $10.23 and its 200-day moving average is $10.45. 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 issued its earnings results on Monday, May 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business 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, analysts anticipate that Great Elm Capital will post 1.43 EPS for the current year.

Great Elm Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.82%. Great Elm Capital's dividend payout ratio (DPR) is presently 370.00%.

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.