Great Elm Capital Group (NASDAQ:GECC) Rating Lowered to "Hold (C+)" at Weiss Ratings

Key Points

• Great Elm Capital Group has been downgraded by Weiss Ratings from a "buy (B-)" to a "hold (C+)" rating, reflecting a cautious outlook on the stock.
• The company's current stock performance shows a market cap of $87.35 million, with a 12-month price range between $7.22 and $11.45.
• Institutional investors hold 38.75% of Great Elm Capital Group, with Ethos Financial Group acquiring a new position valued at approximately $268,000.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) was downgraded by Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also commented on the stock. Wall Street Zen lowered shares of Great Elm Capital Group from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Capital One Financial set a $11.00 price target on shares of Great Elm Capital Group in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.00.

Great Elm Capital Group Price Performance

Great Elm Capital Group stock opened at $7.55 on Wednesday. Great Elm Capital Group has a 12-month low of $7.22 and a 12-month high of $11.45. The stock has a market cap of $87.35 million, a P/E ratio of 4.84 and a beta of 0.98. The company has a 50-day moving average price of $10.81 and a 200 day moving average price of $10.58. 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 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. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. The business had revenue of $14.28 million during the quarter, compared to analysts' expectations of $13.25 million. Sell-side analysts anticipate that Great Elm Capital Group will post 1.43 earnings per share for the current year.

Hedge Funds 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 bought a new position in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 26,309 shares of the financial services provider's stock, valued at approximately $268,000. Ethos Financial Group LLC owned approximately 0.23% of Great Elm Capital Group as of its most recent filing with the SEC. Institutional investors own 38.75% of the company's stock.

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.

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