Great Elm Capital Group (NASDAQ:GECC) Rating Lowered to Hold at Wall Street Zen

Key Points

• Great Elm Capital Group (NASDAQ:GECC) was downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen.
• The stock price of GECC decreased by 1.6% to $8.84 during mid-day trading, below its recent 12-month high of $11.45.
• An institutional investor, Ethos Financial Group LLC, acquired a new position in GECC, purchasing approximately 26,309 shares valued at around $268,000.

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

A number of other brokerages have also recently weighed in on GECC. Weiss Ratings reiterated a "buy (b-)" rating on shares of Great Elm Capital Group in a research report on Saturday, September 27th. Capital One Financial set a $11.00 price objective on shares of Great Elm Capital Group in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $11.00.

Great Elm Capital Group Stock Down 1.6%

GECC stock traded down $0.14 during mid-day trading on Friday, hitting $8.84. 344,042 shares of the company were exchanged, compared to its average volume of 236,738. The company has a market capitalization of $102.28 million, a PE ratio of 5.67 and a beta of 0.98. Great Elm Capital Group has a twelve month low of $8.63 and a twelve month high of $11.45. The firm has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.63. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.40.

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

Institutional Investors Weigh In On Great Elm Capital Group

An institutional investor recently bought a new position in Great Elm Capital Group stock. Ethos Financial Group LLC acquired a new position in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,309 shares of the financial services provider's stock, valued at approximately $268,000. Ethos Financial Group LLC owned 0.23% of Great Elm Capital Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 38.75% of the company's stock.

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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