Great Elm Capital Group (NASDAQ:GECC) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Great Elm Capital Group's rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating a positive outlook for the stock.
• The company reported earnings of $0.51 per share, exceeding analysts' expectations by $0.07, along with revenue of $14.28 million for the last quarter.
• Insider activity includes a notable transaction where Director Richard M. Cohen increased his ownership by purchasing 3,100 shares at an average price of $10.95.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Great Elm Capital Group Stock Performance

Shares of GECC traded down $0.02 during trading hours on Friday, reaching $10.98. 24,357 shares of the company traded hands, compared to its average volume of 22,656. The stock has a market cap of $126.96 million, a P/E ratio of 7.04 and a beta of 1.08. The stock's fifty day moving average is $10.85 and its 200 day moving average is $10.58. Great Elm Capital Group has a 1-year low of $8.87 and a 1-year high of $11.39. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.08 and a current ratio of 0.08.

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

Insider Buying and Selling at Great Elm Capital Group

In related news, Director Richard M. Cohen purchased 5,000 shares of Great Elm Capital Group stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $11.18 per share, for a total transaction of $55,900.00. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $167,700. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders acquired 19,950 shares of company stock valued at $219,163. Corporate insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GECC. Two Sigma Securities LLC bought a new position in shares of Great Elm Capital Group during the fourth quarter worth $129,000. Northern Right Capital Management L.P. raised its holdings in shares of Great Elm Capital Group 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 Group in the 4th quarter valued at $187,000. Ethos Financial Group LLC acquired a new stake in Great Elm Capital Group in the 1st quarter valued at $268,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in Great Elm Capital Group in the 2nd quarter valued at $41,000. 38.75% of the stock is currently owned by institutional investors.

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.