Richard M. Cohen Purchases 3,100 Shares of Great Elm Capital Corp. (NASDAQ:GECC) Stock

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Richard M. Cohen purchased 3,100 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $10.95 per share, with a total value of $33,945.00. Following the acquisition, the director now directly owns 18,100 shares in the company, valued at approximately $198,195. This represents a 20.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Great Elm Capital Price Performance

Shares of GECC traded up $0.06 during trading hours on Friday, reaching $11.05. The company had a trading volume of 45,885 shares, compared to its average volume of 20,728. The firm has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $10.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $127.56 million, a price-to-earnings ratio of 16.01 and a beta of 1.09. Great Elm Capital Corp. has a 12-month low of $8.87 and a 12-month high of $11.39.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $7.97 million during the quarter, compared to the consensus estimate of $12.11 million. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. Research analysts expect that Great Elm Capital Corp. will post 1.43 earnings per share for the current year.

Great Elm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.48 dividend on an annualized basis and a yield of 13.39%. Great Elm Capital's payout ratio is 370.00%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Great Elm Capital

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Great Elm Capital in the 4th quarter valued at about $176,000. Northern Right Capital Management L.P. grew its stake in Great Elm Capital 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 acquiring an additional 237,367 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Great Elm Capital in the 4th quarter valued at about $129,000. Northern Trust Corp acquired a new stake in Great Elm Capital in the 4th quarter valued at about $187,000. Finally, Ethos Financial Group LLC acquired a new stake in Great Elm Capital in the 1st quarter valued at about $268,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital 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.