Great Elm Capital Corp (NASDAQ:GECC) Director Mark Kuperschmid bought 7,182 shares of Great Elm Capital stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average price of $8.35 per share, with a total value of $59,969.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ GECC traded up $0.05 during midday trading on Thursday, hitting $8.36. 1,590 shares of the company’s stock were exchanged, compared to its average volume of 44,817. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.60. Great Elm Capital Corp has a 12 month low of $7.76 and a 12 month high of $10.44. The company has a market capitalization of $88.52 million, a P/E ratio of 5.50 and a beta of 1.23.
Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Tuesday, November 13th. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). Great Elm Capital had a return on equity of 14.91% and a net margin of 27.93%. The business had revenue of $6.18 million for the quarter, compared to the consensus estimate of $6.96 million. Analysts predict that Great Elm Capital Corp will post 1.45 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Great Elm Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th.
An institutional investor recently raised its position in Great Elm Capital stock. Acadian Asset Management LLC boosted its position in Great Elm Capital Corp (NASDAQ:GECC) by 103.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,885 shares of the financial services provider’s stock after purchasing an additional 8,578 shares during the quarter. Acadian Asset Management LLC owned about 0.16% of Great Elm Capital worth $164,000 at the end of the most recent reporting period. Institutional investors own 5.32% of the company’s stock.
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Great Elm Capital Company Profile
Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.
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