Great Elm Capital Group (NASDAQ:GECC) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Great Elm Capital Group (NASDAQ:GECC) reported quarterly earnings of $0.51 per share, exceeding the estimated $0.44 by $0.07.
• The company's stock price decreased by 0.4% to $10.94, with a market capitalization of $126.29 million.
• Insider transactions included Director Richard M. Cohen purchasing 3,100 shares, increasing their ownership by 20.67%.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.07, Zacks reports. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. The company had revenue of $14.28 million for the quarter, compared to the consensus estimate of $13.25 million.

Great Elm Capital Group Trading Up 0.0%

Shares of NASDAQ:GECC traded up $0.00 during midday trading on Friday, hitting $10.95. The company had a trading volume of 21,302 shares, compared to its average volume of 22,452. Great Elm Capital Group has a 12 month low of $8.87 and a 12 month high of $11.39. The company has a current ratio of 0.08, a quick ratio of 0.52 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $10.83 and a 200 day simple moving average of $10.58. The stock has a market cap of $126.70 million, a price-to-earnings ratio of 7.02 and a beta of 1.08.

Great Elm Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.5%. Great Elm Capital Group's payout ratio is currently 94.87%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Great Elm Capital Group

In related news, Director Richard M. Cohen acquired 5,000 shares of Great Elm Capital Group stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of $11.18 per share, with a total value of $55,900.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $167,700. This trade represents a 50.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 19,950 shares of company stock worth $219,163. 8.70% of the stock is owned by company insiders.

Great Elm Capital Group 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.