Northern Right Capital Management L.P. Acquires 237,367 Shares of Great Elm Capital Corp. (NASDAQ:GECC)

Northern Right Capital Management L.P. increased its position in Great Elm Capital Corp. (NASDAQ:GECC - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,035,838 shares of the financial services provider's stock after purchasing an additional 237,367 shares during the quarter. Great Elm Capital makes up about 4.2% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 11th largest holding. Northern Right Capital Management L.P. owned about 8.98% of Great Elm Capital worth $11,384,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new position in Great Elm Capital during the fourth quarter valued at $176,000. Institutional investors own 38.75% of the company's stock.

Great Elm Capital Stock Down 0.9 %

Shares of NASDAQ:GECC traded down $0.09 on Thursday, hitting $10.04. 7,876 shares of the company traded hands, compared to its average volume of 20,309. The stock has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $10.35. 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 company has a market cap of $115.90 million, a PE ratio of 14.55 and a beta of 1.18. Great Elm Capital Corp. has a 52 week low of $8.87 and a 52 week high of $11.39.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last issued its earnings results on Monday, March 10th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). The firm had revenue of $9.10 million during the quarter, compared to analysts' expectations of $11.46 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. During the same period last year, the firm posted $0.55 earnings per share. As a group, research analysts expect that Great Elm Capital Corp. will post 1.43 earnings per share for the current year.

Great Elm Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.37 dividend. This is a positive change from Great Elm Capital's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 14.74%. Great Elm Capital's dividend payout ratio (DPR) is presently 477.42%.

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.