Great Elm Capital (NASDAQ:GECC) Posts Quarterly Earnings Results

Great Elm Capital (NASDAQ:GECC) issued its quarterly earnings results on Thursday. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02, reports. The firm had revenue of $11.73 million for the quarter, compared to analysts’ expectations of $11.08 million. Great Elm Capital had a return on equity of 11.88% and a net margin of 15.00%.

Great Elm Capital Stock Performance

NASDAQ GECC opened at $9.77 on Friday. The firm has a market cap of $102.10 million, a P/E ratio of 14.16 and a beta of 1.60. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $10.16 and its 200-day moving average is $10.26. Great Elm Capital has a 12-month low of $8.83 and a 12-month high of $11.82.

Great Elm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a yield of 14.33%. Great Elm Capital’s dividend payout ratio is presently 202.90%.

Insider Buying and Selling

In related news, Director Matthew A. Drapkin bought 9,600 shares of Great Elm Capital stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $9.92 per share, with a total value of $95,232.00. Following the acquisition, the director now directly owns 75,716 shares of the company’s stock, valued at $751,102.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Great Elm Capital news, Director Matthew A. Drapkin bought 9,600 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the purchase, the director now directly owns 75,716 shares of the company’s stock, valued at $751,102.72. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew A. Drapkin bought 3,189 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average cost of $10.01 per share, for a total transaction of $31,921.89. Following the completion of the purchase, the director now directly owns 64,806 shares of the company’s stock, valued at $648,708.06. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Great Elm Capital

Several institutional investors have recently modified their holdings of GECC. O Shaughnessy Asset Management LLC boosted its stake in shares of Great Elm Capital by 13.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 3,214 shares in the last quarter. Cruiser Capital Advisors LLC boosted its position in Great Elm Capital by 28.8% during the first quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 21,422 shares during the period. Finally, Crestwood Advisors Group LLC purchased a new position in shares of Great Elm Capital in the third quarter worth about $127,000. 38.75% of the stock is currently owned by institutional investors.

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.