Great Elm Capital Group (NASDAQ:GECC) Trading Down 0.8% - What's Next?

Key Points

• Great Elm Capital Group (NASDAQ:GECC) experienced a slight decline of 0.8% in mid-day trading, with its stock trading between $11.29 and $11.36 and a notable increase in trading volume.
• The company received an upgrade from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive outlook from analysts.
• Great Elm Capital Group declared a quarterly dividend of $0.37 per share, resulting in a dividend yield of 13.0%, with a payout ratio of 94.87%.

Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) dropped 0.8% during mid-day trading on Monday . The company traded as low as $11.29 and last traded at $11.36. Approximately 214,529 shares were traded during trading, an increase of 30% from the average daily volume of 164,598 shares. The stock had previously closed at $11.45.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Great Elm Capital Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th.

Great Elm Capital Group Stock Down 0.8%

The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.40. The firm's 50 day simple moving average is $11.11 and its two-hundred day simple moving average is $10.65. The firm has a market cap of $131.44 million, a price-to-earnings ratio of 7.28 and a beta of 1.08.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. The company had revenue of $14.28 million during 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%. On average, equities 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 Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 13.0%. Great Elm Capital Group's payout ratio is 94.87%.

Institutional Investors Weigh In On Great Elm Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH bought a new stake in shares of Great Elm Capital Group during the 2nd quarter valued at approximately $41,000. Northern Trust Corp bought a new stake in Great Elm Capital Group during the 4th quarter worth approximately $187,000. Finally, Ethos Financial Group LLC bought a new stake in Great Elm Capital Group during the 1st quarter worth approximately $268,000. 38.75% of the stock is owned by 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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