Short Interest in Great Elm Capital Group, Inc. (NASDAQ:GECC) Increases By 104.4%

Key Points

• Short interest in Great Elm Capital Group, Inc. (NASDAQ:GECC) surged by 104.4% in September, reaching a total of 180,900 shares as of September 30th.
• Ethos Financial Group LLC acquired a new stake in the company, purchasing 26,309 shares valued at approximately $268,000, which represents about 0.23% of the company's stock.
• The company declared a quarterly dividend of $0.37 per share, yielding approximately 19.6%, with a payout ratio of 94.87%.

Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 180,900 shares, an increase of 104.4% from the September 15th total of 88,500 shares. Based on an average daily volume of 144,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.4% of the company's shares are short sold. Approximately 2.4% of the company's shares are short sold. Based on an average daily volume of 144,900 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Great Elm Capital Group stock. Ethos Financial Group LLC purchased a new stake in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,309 shares of the financial services provider's stock, valued at approximately $268,000. Ethos Financial Group LLC owned approximately 0.23% of Great Elm Capital Group at the end of the most recent reporting period. 38.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen lowered Great Elm Capital Group from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Capital One Financial set a $11.00 target price on Great Elm Capital Group in a report on Tuesday, September 30th. Finally, Weiss Ratings cut shares of Great Elm Capital Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.00.

Great Elm Capital Group Trading Up 2.3%

NASDAQ:GECC traded up $0.17 during mid-day trading on Monday, reaching $7.56. 90,101 shares of the company's stock traded hands, compared to its average volume of 66,423. The firm has a market capitalization of $87.47 million, a price-to-earnings ratio of 4.85 and a beta of 0.98. The company has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.46. Great Elm Capital Group has a 12-month low of $7.18 and a 12-month high of $11.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.08 and a quick ratio of 0.08.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. The company had revenue of $14.28 million for the quarter, compared to analyst estimates of $13.25 million. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%. On average, sell-side analysts predict that Great Elm Capital Group will post 1.43 earnings per share for the current year.

Great Elm Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 19.6%. The ex-dividend date of this dividend was Monday, September 15th. Great Elm Capital Group's payout ratio is currently 94.87%.

About Great Elm Capital Group

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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