Insider Buying: Great Elm Capital Corp. (NASDAQ:GECC) Director Buys 1,850 Shares of Stock

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) Director Chad Perry purchased 1,850 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were purchased 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 directly owns 1,850 shares in the company, valued at $19,573. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Great Elm Capital Trading Down 0.2%

Shares of GECC stock traded down $0.02 during trading hours on Thursday, hitting $10.58. 21,866 shares of the company were exchanged, compared to its average volume of 20,762. Great Elm Capital Corp. has a 1 year low of $8.87 and a 1 year high of $11.39. The firm has a fifty day moving average of $10.21 and a 200 day moving average of $10.44. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The firm has a market cap of $122.14 million, a PE ratio of 15.33 and a beta of 1.08.

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 firm had revenue of $7.97 million for the quarter, compared to analyst estimates of $12.11 million. Analysts expect that Great Elm Capital Corp. will post 1.43 earnings per share for the current year.

Great Elm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.48 annualized dividend and a yield of 13.99%. Great Elm Capital's payout ratio is 370.00%.

Analyst Upgrades and Downgrades

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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of GECC. Virtu Financial LLC purchased a new position in Great Elm Capital in the fourth quarter valued at approximately $176,000. Two Sigma Securities LLC purchased a new position in Great Elm Capital in the fourth quarter valued at approximately $129,000. Northern Right Capital Management L.P. raised its holdings in 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 valued at $11,384,000 after buying an additional 237,367 shares during the period. Northern Trust Corp purchased a new position in Great Elm Capital in the fourth quarter valued at approximately $187,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of Great Elm Capital during the first quarter valued at approximately $268,000. Hedge funds and other institutional investors own 38.75% of the company's stock.

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.

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