Great Elm Capital Group (NASDAQ:GECC) Trading 1.7% Higher - Still a Buy?

Shares of Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) shot up 1.7% during trading on Tuesday . The stock traded as high as $10.52 and last traded at $10.50. 8,523 shares changed hands during trading, a decline of 59% from the average session volume of 20,636 shares. The stock had previously closed at $10.32.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Great Elm Capital Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st.

Great Elm Capital Group Trading Up 1.7%

The company has a debt-to-equity ratio of 1.53, a current ratio of 0.52 and a quick ratio of 0.52. The stock's fifty day simple moving average is $10.51 and its 200-day simple moving average is $10.48. The firm has a market cap of $121.17 million, a PE ratio of 26.25 and a beta of 1.09.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last issued its 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 company had revenue of $7.97 million for the quarter, compared to the consensus estimate of $12.11 million. On average, 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.37 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.48 annualized dividend and a dividend yield of 14.10%. Great Elm Capital Group's dividend payout ratio is presently 370.00%.

Insider Buying and Selling at Great Elm Capital Group

In other news, Director Richard M. Cohen purchased 2,500 shares of the stock in a transaction dated Friday, June 6th. The stock was acquired at an average price of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the transaction, the director now owns 2,500 shares of the company's stock, valued at approximately $26,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 19,950 shares of company stock valued at $219,163 over the last ninety days. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Great Elm Capital Group

Hedge funds have recently bought and sold shares of the company. Northern Right Capital Management L.P. grew its stake in Great Elm Capital Group by 29.7% in 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 buying an additional 237,367 shares during the last quarter. Ethos Financial Group LLC bought a new position in shares of Great Elm Capital Group during the 1st quarter worth about $268,000. Northern Trust Corp bought a new position in Great Elm Capital Group during the 4th quarter valued at about $187,000. Virtu Financial LLC bought a new position in Great Elm Capital Group during the 4th quarter valued at about $176,000. Finally, Two Sigma Securities LLC bought a new position in Great Elm Capital Group during the 4th quarter valued at about $129,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

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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