Richard M. Cohen Purchases 5,000 Shares of Great Elm Capital Corp. (NASDAQ:GECC) Stock

Great Elm Capital Corp. (NASDAQ:GECC) Director Richard M. Cohen acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average price of $11.18 per share, with a total value of $55,900.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $167,700. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Great Elm Capital Stock Performance

Shares of GECC opened at $11.05 on Friday. 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’s 50 day moving average is $10.38 and its 200-day moving average is $10.47. Great Elm Capital Corp. has a 12-month low of $8.87 and a 12-month high of $11.39. The stock has a market capitalization of $127.56 million, a P/E ratio of 16.01 and a beta of 1.09.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $7.97 million for the quarter, compared to analyst estimates of $12.11 million. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. Equities research analysts anticipate that Great Elm Capital Corp. will post 1.43 EPS for the current fiscal year.

Great Elm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.39%. The ex-dividend date of this dividend is Monday, June 16th. Great Elm Capital’s payout ratio is 370.00%.

Institutional Investors Weigh In On Great Elm Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Great Elm Capital in the 4th quarter valued at $176,000. Northern Right Capital Management L.P. lifted its stake in Great Elm Capital by 29.7% during 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 buying an additional 237,367 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Great Elm Capital during the fourth quarter valued at about $129,000. Northern Trust Corp acquired a new position in shares of Great Elm Capital in the fourth quarter worth about $187,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Great Elm Capital in the first quarter worth approximately $268,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Great Elm Capital from a “buy” rating to a “hold” rating in a report on Saturday, May 31st.

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.