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

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Richard M. Cohen purchased 4,000 shares of the stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of $11.01 per share, for a total transaction of $44,040.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company's stock, valued at $71,565. The trade was a 160.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Great Elm Capital Stock Performance

NASDAQ:GECC traded up $0.06 during mid-day trading on Friday, hitting $11.05. The company's stock had a trading volume of 45,885 shares, compared to its average volume of 20,728. Great Elm Capital Corp. has a 1 year low of $8.87 and a 1 year 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. The stock has a market cap of $127.56 million, a price-to-earnings ratio of 16.01 and a beta of 1.09. The business's fifty day moving average is $10.38 and its two-hundred day moving average is $10.48.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. The company had revenue of $7.97 million for the quarter, compared to analyst estimates of $12.11 million. Analysts anticipate that Great Elm Capital Corp. will post 1.43 EPS 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. Stockholders of record on Monday, June 16th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 13.39%. The ex-dividend date is Monday, June 16th. Great Elm Capital's payout ratio is currently 370.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered 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

Several hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital during the 4th quarter worth about $129,000. Virtu Financial LLC purchased a new position in Great Elm Capital in the 4th quarter valued at approximately $176,000. Northern Trust Corp purchased a new stake in shares of Great Elm Capital during the 4th quarter worth $187,000. Ethos Financial Group LLC purchased a new stake in shares of Great Elm Capital during the 1st quarter worth $268,000. Finally, Northern Right Capital Management L.P. raised its stake 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 acquiring an additional 237,367 shares in the last quarter. 38.75% of the stock is owned by hedge funds and other institutional investors.

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.