Great Elm Capital (NASDAQ:GECC) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Great Elm Capital Corp. (NASDAQ:GECC) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.74 and traded as low as $9.96. Great Elm Capital shares last traded at $10.04, with a volume of 16,974 shares.

Great Elm Capital Price Performance

The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $117.17 million, a PE ratio of 14.71 and a beta of 1.52. The company has a 50-day moving average price of $10.74 and a 200-day moving average price of $10.40.

Great Elm Capital (NASDAQ:GECC) last released its earnings results on Monday, March 10th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). The firm had revenue of $9.10 million during the quarter, compared to analysts’ expectations of $11.46 million. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. During the same quarter last year, the company posted $0.55 earnings per share. Sell-side analysts forecast that Great Elm Capital Corp. will post 1.43 EPS for the current year.

Great Elm Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s payout ratio is currently 477.42%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Northern Right Capital Management L.P. grew its position in shares of Great Elm Capital by 29.7% in the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock valued at $11,384,000 after purchasing an additional 237,367 shares during the period. Northern Trust Corp purchased a new stake in Great Elm Capital in the 4th quarter valued at about $187,000. Virtu Financial LLC acquired a new position in shares of Great Elm Capital during the 4th quarter valued at about $176,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital during the 4th quarter valued at about $129,000. Hedge funds and other 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.