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 bought 3,100 shares of Great Elm Capital stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $10.95 per share, for a total transaction of $33,945.00. Following the completion of the transaction, the director now owns 18,100 shares of the company's stock, valued at approximately $198,195. This trade represents a 20.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Great Elm Capital Trading Up 0.5%

Shares of NASDAQ:GECC traded up $0.06 during trading on Friday, reaching $11.05. 45,885 shares of the company were exchanged, compared to its average volume of 20,728. The firm has a market capitalization of $127.56 million, a PE ratio of 16.01 and a beta of 1.09. The business's fifty day simple moving average is $10.38 and its 200-day simple moving average is $10.48. Great Elm Capital Corp. has a 12-month low of $8.87 and a 12-month high of $11.39. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11.

Great Elm Capital (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. The business had revenue of $7.97 million for the quarter, compared to analyst estimates of $12.11 million. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. On average, research analysts anticipate that Great Elm Capital Corp. will post 1.43 EPS for the current year.

Great Elm Capital Dividend Announcement

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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 13.39%. The ex-dividend date is Monday, June 16th. Great Elm Capital's payout ratio is 370.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Great Elm Capital

Several institutional investors have recently bought and sold shares of the business. Ethos Financial Group LLC purchased a new position in Great Elm Capital during the first quarter valued at approximately $268,000. Northern Trust Corp purchased a new position in Great Elm Capital during the fourth quarter valued at approximately $187,000. Northern Right Capital Management L.P. increased its holdings in Great Elm Capital by 29.7% during 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. Two Sigma Securities LLC purchased a new position in Great Elm Capital during the fourth quarter valued at approximately $129,000. Finally, Virtu Financial LLC purchased a new position in Great Elm Capital during the fourth quarter valued at approximately $176,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

About Great Elm Capital

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.