Great Elm Capital Group (NASDAQ:GECC) Announces Quarterly Earnings Results

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) announced its quarterly earnings data on Monday. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07, Zacks reports. Great Elm Capital Group had a net margin of 10.40% and a return on equity of 10.64%.

Great Elm Capital Group Stock Down 0.4%

NASDAQ GECC traded down $0.04 during trading hours on Monday, hitting $10.94. The company's stock had a trading volume of 34,935 shares, compared to its average volume of 22,305. The company has a market capitalization of $126.29 million, a PE ratio of 27.35 and a beta of 1.08. The company's 50-day simple moving average is $10.80 and its two-hundred day simple moving average is $10.57. Great Elm Capital Group has a 52 week low of $8.87 and a 52 week high of $11.39. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.53.

Insider Activity

In other news, Director Richard M. Cohen bought 3,100 shares of the company's stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $10.95 per share, with a total value of $33,945.00. Following the transaction, the director directly owned 18,100 shares in the company, valued at $198,195. This represents a 20.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have acquired 19,950 shares of company stock valued at $219,163. Corporate insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Great Elm Capital Group

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.

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