Great Elm Capital (NASDAQ:GECC) Issues Earnings Results

Great Elm Capital (NASDAQ:GECC) announced its earnings results on Thursday. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02, reports. Great Elm Capital had a return on equity of 11.40% and a net margin of 27.61%. The company had revenue of $11.73 million during the quarter, compared to the consensus estimate of $11.08 million.

Great Elm Capital Stock Performance

Shares of GECC opened at $9.77 on Friday. Great Elm Capital has a 52-week low of $8.83 and a 52-week high of $11.82. 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 firm has a market cap of $102.10 million, a price-to-earnings ratio of 14.16 and a beta of 1.60. The business’s 50 day moving average is $10.16 and its two-hundred day moving average is $10.26.

Great Elm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, December 16th. This represents a $1.40 annualized dividend 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 purchased 9,600 shares of Great Elm Capital stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $9.92 per share, with a total value of $95,232.00. Following the completion of the transaction, the director now owns 75,716 shares of the company’s stock, valued at approximately $751,102.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Matthew A. Drapkin purchased 9,600 shares of the stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the acquisition, the director now 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 filing with the SEC, which is accessible through this link. Also, Director Matthew A. Drapkin acquired 3,189 shares of Great Elm Capital stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average price 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. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Great Elm Capital

A number of institutional investors have recently modified their holdings of the business. Crestwood Advisors Group LLC bought a new position in Great Elm Capital in the third quarter worth about $127,000. O Shaughnessy Asset Management LLC lifted its holdings 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 worth $307,000 after purchasing an additional 3,214 shares during the last quarter. Finally, Cruiser Capital Advisors LLC boosted its position in Great Elm Capital by 28.8% during the 1st quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 21,422 shares during the period. 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.