Great Elm Capital Group (NASDAQ:GECC) Trading Up 1.7% - Time to Buy?

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

Analyst Ratings Changes

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

Great Elm Capital Group Trading Up 2.6%

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.53. The company has a market cap of $124.29 million, a price-to-earnings ratio of 26.93 and a beta of 1.09. The firm has a 50-day moving average price of $10.52 and a 200 day moving average price of $10.48.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The company had revenue of $7.97 million for the quarter, compared to the consensus estimate of $12.11 million. Great Elm Capital Group had a net margin of 10.40% and a return on equity of 10.64%. As a group, sell-side analysts forecast that Great Elm Capital Group, Inc. will post 1.43 EPS for the current year.

Great Elm Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 13.74%. The ex-dividend date is Monday, June 16th. Great Elm Capital Group's dividend payout ratio (DPR) is 370.00%.

Insider Buying and Selling

In other news, Director Richard M. Cohen acquired 4,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average price of $11.01 per share, with a total value of $44,040.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at approximately $71,565. The trade was a 160.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 19,950 shares of company stock worth $219,163 in the last three months. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC bought a new position in Great Elm Capital Group in the 4th quarter worth approximately $129,000. Virtu Financial LLC acquired a new position in shares of Great Elm Capital Group during the 4th quarter valued at $176,000. Northern Trust Corp bought a new stake in shares of Great Elm Capital Group in the 4th quarter worth $187,000. Ethos Financial Group LLC bought a new stake in shares of Great Elm Capital Group in the 1st quarter worth $268,000. Finally, Northern Right Capital Management L.P. lifted its holdings in shares of Great Elm Capital Group by 29.7% in the fourth 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 period. 38.75% of the stock is owned by institutional investors and hedge funds.

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.