Great Elm Capital Corp. (NASDAQ:GECC) Director Chad Perry Buys 1,850 Shares

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Chad Perry acquired 1,850 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was acquired at an average cost of $10.58 per share, for a total transaction of $19,573.00. Following the completion of the purchase, the director now owns 1,850 shares in the company, valued at $19,573. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Great Elm Capital Trading Up 1.2%

Shares of Great Elm Capital stock traded up $0.13 during mid-day trading on Friday, hitting $10.71. 28,908 shares of the stock were exchanged, compared to its average volume of 20,760. Great Elm Capital Corp. has a twelve month low of $8.87 and a twelve month high of $11.39. The stock has a market capitalization of $123.64 million, a price-to-earnings ratio of 15.52 and a beta of 1.09. The company has a 50-day simple moving average of $10.23 and a 200 day simple moving average of $10.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $12.11 million. Research analysts forecast that Great Elm Capital Corp. will post 1.43 EPS for the current year.

Great Elm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.37 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.48 annualized dividend and a dividend yield of 13.82%. Great Elm Capital's dividend payout ratio is presently 370.00%.

Institutional Investors Weigh In On Great Elm Capital

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Great Elm Capital in the fourth quarter worth approximately $176,000. Northern Right Capital Management L.P. boosted its position in shares of Great Elm Capital by 29.7% in the fourth 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 during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Great Elm Capital in the fourth quarter worth approximately $129,000. Northern Trust Corp acquired a new stake in shares of Great Elm Capital in the fourth quarter worth approximately $187,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Great Elm Capital in the first quarter worth approximately $268,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.