Shares of Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $10.91 and last traded at $10.94. 27,864 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 21,224 shares. The stock had previously closed at $10.98.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Great Elm Capital Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 31st.
Read Our Latest Analysis on GECC
Great Elm Capital Group Stock Performance
The business's fifty day moving average price is $10.72 and its two-hundred day moving average price is $10.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $126.25 million, a P/E ratio of 27.35 and a beta of 1.08.
Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Great Elm Capital Group had a net margin of 10.40% and a return on equity of 10.64%. The firm had revenue of $7.97 million during the quarter, compared to analysts' expectations of $12.11 million. As a group, sell-side analysts forecast that Great Elm Capital Group, Inc. will post 1.43 earnings per share for the current year.
Great Elm Capital Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.37 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.48 annualized dividend and a yield of 13.53%. Great Elm Capital Group's dividend payout ratio (DPR) is 370.00%.
Insider Transactions at Great Elm Capital Group
In other Great Elm Capital Group news, Director Richard M. Cohen purchased 3,100 shares of Great Elm Capital Group stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $10.95 per share, for a total transaction of $33,945.00. Following the acquisition, the director owned 18,100 shares in the company, valued at $198,195. This trade represents a 20.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have bought 19,950 shares of company stock valued at $219,163. 8.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Two Sigma Securities LLC bought a new position in shares of Great Elm Capital Group during the 4th quarter worth approximately $129,000. Virtu Financial LLC purchased a new position in shares of Great Elm Capital Group in the 4th quarter valued at approximately $176,000. Northern Trust Corp acquired a new position in Great Elm Capital Group during the 4th quarter valued at approximately $187,000. Ethos Financial Group LLC acquired a new position in Great Elm Capital Group during the 1st quarter valued at approximately $268,000. Finally, Northern Right Capital Management L.P. increased its stake in Great Elm Capital Group by 29.7% during the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider's stock valued at $11,384,000 after purchasing an additional 237,367 shares in the last quarter. Institutional investors own 38.75% of the company's stock.
About Great Elm Capital Group
(
Get Free Report)
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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