Great Elm Capital Group (NASDAQ:GECC) Raised to "Buy" at Wall Street Zen

Key Points

• Great Elm Capital Group (NASDAQ:GECC) has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive shift in analyst sentiment.
• The company reported a net margin of 36.81% and earnings per share of $0.51 for the last quarter, exceeding analysts' expectations of $0.44.
• Insider activity has increased, with Director Richard M. Cohen purchasing 5,000 shares, contributing to a total acquisition of 19,950 shares valued at $219,163 in the last ninety days.

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

Great Elm Capital Group Stock Performance

Shares of NASDAQ:GECC remained flat at $11.25 on Friday. The stock had a trading volume of 71,747 shares, compared to its average volume of 46,323. The firm has a market capitalization of $130.16 million, a P/E ratio of 7.21 and a beta of 1.08. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.40. Great Elm Capital Group has a 12 month low of $8.87 and a 12 month high of $11.39. The company's 50 day moving average price is $11.03 and its 200-day moving average price is $10.65.

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, beating analysts' consensus estimates of $0.44 by $0.07. The business had revenue of $14.28 million for the quarter, compared to analysts' expectations of $13.25 million. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. Equities analysts expect 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 other news, Director Richard M. Cohen bought 3,100 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $10.95 per share, with a total value of $33,945.00. Following the completion of the purchase, the director directly owned 18,100 shares of the company's stock, valued at $198,195. This represents a 20.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired a total of 18,100 shares of company stock valued at $199,590 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Great Elm Capital Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp acquired a new position in Great Elm Capital Group in the fourth quarter worth approximately $187,000. Ethos Financial Group LLC purchased a new position in Great Elm Capital Group during the 1st quarter worth approximately $268,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Great Elm Capital Group during the 2nd quarter worth approximately $41,000. 38.75% of the stock is owned by institutional investors and hedge funds.

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.