Great Elm Capital Stock Price, News & Analysis (NASDAQ:GECC)

Great Elm Capital's stock was trading at $8.29 at the beginning of the year. Since then, GECC shares have increased by 29.1% and is now trading at $10.70.
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Great Elm Capital saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 21,800 shares, an increase of 7.4% from the October 31st total of 20,300 shares. Based on an average trading volume of 22,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company's shares are sold short.
View Great Elm Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our GECC earnings forecast.

Great Elm Capital Corp. (NASDAQ:GECC) announced its quarterly earnings results on Thursday, November, 2nd. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.03. The financial services provider had revenue of $9.28 million for the quarter, compared to analyst estimates of $8.76 million. Great Elm Capital had a net margin of 40.71% and a trailing twelve-month return on equity of 12.64%.

Great Elm Capital declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.35 per share on Friday, December 29th. This represents a $1.40 dividend on an annualized basis and a yield of 13.08%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for GECC.

Great Elm Capital (NASDAQ:GECC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 13.67%. GECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 77.35%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GECC will have a dividend payout ratio of 77.78% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GECC.

Shares of Great Elm Capital reverse split before market open on Monday, February 28th 2022. The 1-6 reverse split was announced on Thursday, January 27th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, February 28th 2022. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Great Elm Capital investors own include Energy Transfer (ET), Oxford Lane Capital (OXLC), Capitala Finance (CPTA), Prospect Capital (PSEC), Cornerstone Strategic Value Fund (CLM), AGNC Investment (AGNC), Cherry Hill Mortgage Investment (CHMI), Cornerstone Total Return Fund (CRF), New Residential Investment (NRZ) and AT&T (t).

Great Elm Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cruiser Capital Advisors LLC (1.54%), Acadian Asset Management LLC (0.95%), O Shaughnessy Asset Management LLC (0.32%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Great Elm Group, Inc, Mark Kuperschmid, Matthew A Drapkin, Matthew D Kaplan and Richard M Cohen.
View institutional ownership trends.

Shares of GECC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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