OTA Financial Group L.P. decreased its holdings in Great Elm Capital Corp (NASDAQ:GECC) by 22.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,017 shares of the financial services provider’s stock after selling 9,857 shares during the period. OTA Financial Group L.P. owned about 0.34% of Great Elm Capital worth $278,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of GECC. Marshall Wace LLP bought a new stake in shares of Great Elm Capital in the 2nd quarter worth $100,000. Morgan Stanley increased its holdings in shares of Great Elm Capital by 4.5% in the 2nd quarter. Morgan Stanley now owns 66,649 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 2,861 shares in the last quarter. Finally, Monarch Partners Asset Management LLC increased its holdings in shares of Great Elm Capital by 2.9% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 60,751 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 1,724 shares in the last quarter. 16.13% of the stock is owned by institutional investors and hedge funds.
Shares of GECC traded down $0.01 during trading hours on Monday, hitting $8.45. The stock had a trading volume of 919 shares, compared to its average volume of 48,481. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.04 and a quick ratio of 0.04. Great Elm Capital Corp has a 12 month low of $7.47 and a 12 month high of $9.05. The firm has a market capitalization of $84.53 million, a PE ratio of 5.87 and a beta of 0.73. The stock has a fifty day moving average price of $8.34 and a 200 day moving average price of $8.51.
Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Tuesday, August 13th. The financial services provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Great Elm Capital had a positive return on equity of 9.81% and a negative net margin of 15.02%. The company had revenue of $6.71 million during the quarter, compared to analyst estimates of $6.25 million. As a group, analysts anticipate that Great Elm Capital Corp will post 1.08 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.083 dividend. This represents a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, December 30th. Great Elm Capital’s payout ratio is currently 69.44%.
A number of analysts have commented on GECC shares. ValuEngine raised Great Elm Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered Great Elm Capital from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th.
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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