Richard M. Cohen Buys 4,000 Shares of Great Elm Capital Corp. (NASDAQ:GECC) Stock

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Richard M. Cohen purchased 4,000 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average price of $11.01 per share, for a total transaction of $44,040.00. Following the completion of the acquisition, the director now directly owns 6,500 shares in the company, valued at approximately $71,565. This represents a 160.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Great Elm Capital Trading Down 0.0%

Great Elm Capital stock traded down $0.01 during trading on Friday, reaching $10.99. 7,254 shares of the company were exchanged, compared to its average volume of 20,649. Great Elm Capital Corp. has a 52-week low of $8.87 and a 52-week high of $11.40. The company has a market capitalization of $126.81 million, a P/E ratio of 15.91 and a beta of 1.09. The stock's 50 day simple moving average is $10.34 and its two-hundred day simple moving average is $10.47. 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 quarterly earnings data 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 firm had revenue of $7.97 million during the quarter, compared to the consensus estimate of $12.11 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. On average, equities research analysts expect that Great Elm Capital Corp. will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 13.47%. The ex-dividend date is Monday, June 16th. Great Elm Capital's dividend payout ratio is currently 370.00%.

Institutional Trading of Great Elm Capital

Several hedge funds have recently made changes to their positions in GECC. Northern Right Capital Management L.P. lifted its holdings in Great Elm Capital by 29.7% during the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider's stock worth $11,384,000 after buying an additional 237,367 shares in the last quarter. Ethos Financial Group LLC purchased a new stake in Great Elm Capital during the 1st quarter worth about $268,000. Northern Trust Corp acquired a new stake in Great Elm Capital in the 4th quarter valued at about $187,000. Virtu Financial LLC purchased a new position in shares of Great Elm Capital in the 4th quarter valued at about $176,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital during the fourth quarter worth about $129,000. Institutional investors and hedge funds own 38.75% of the company's stock.

Wall Street Analyst Weigh In

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

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.