Free Trial

Great Elm Capital Group, Inc. (NASDAQ:GECC) Short Interest Up 81.4% in September

Great Elm Capital Group logo with Finance background

Key Points

  • Great Elm Capital Group experienced a significant increase in short interest, rising by 81.4% in September to 88,500 shares from 48,800 shares in August.
  • The company announced a quarterly dividend of $0.37 per share, leading to an annualized dividend yield of 16.7%.
  • Analysts maintain a consensus rating of "Buy" for GECC, with a price target of $11.00 despite recent downgrades from some analysts.
  • MarketBeat previews top five stocks to own in November.

Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 88,500 shares, an increase of 81.4% from the August 31st total of 48,800 shares. Approximately 1.2% of the company's shares are sold short. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company's shares are sold short.

Great Elm Capital Group Trading Down 1.6%

Shares of NASDAQ GECC opened at $8.84 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.40. The stock's 50 day moving average price is $11.00 and its two-hundred day moving average price is $10.64. Great Elm Capital Group has a 52-week low of $8.63 and a 52-week high of $11.45. The stock has a market capitalization of $102.28 million, a P/E ratio of 5.67 and a beta of 0.98.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The business had revenue of $14.28 million during the quarter, compared to the consensus estimate of $13.25 million. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%. On average, analysts anticipate that Great Elm Capital Group will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend was Monday, September 15th. Great Elm Capital Group's dividend payout ratio is 94.87%.

Wall Street Analysts Forecast Growth

GECC has been the subject of several recent research reports. Wall Street Zen lowered shares of Great Elm Capital Group from a "buy" rating to a "hold" rating in a research report on Friday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Great Elm Capital Group in a report on Saturday, September 27th. Finally, Capital One Financial set a $11.00 price objective on Great Elm Capital Group in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $11.00.

Read Our Latest Report on Great Elm Capital Group

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Great Elm Capital Group stock. Trust Co. of Toledo NA OH purchased a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,874 shares of the financial services provider's stock, valued at approximately $41,000. 38.75% of the stock is currently owned by hedge funds and other institutional investors.

About Great Elm Capital Group

(Get Free Report)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Great Elm Capital Group Right Now?

Before you consider Great Elm Capital Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Great Elm Capital Group wasn't on the list.

While Great Elm Capital Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.