Great Elm Capital Group, Inc. (NASDAQ:GECC) Short Interest Up 81.4% in September

Great Elm Capital Group, Inc. (NASDAQ:GECC) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 88,500 shares, a growth of 81.4% from the August 31st total of 48,800 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 77,200 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 77,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.2% of the shares of the company are sold short.

Great Elm Capital Group Price Performance

Shares of Great Elm Capital Group stock opened at $8.84 on Friday. Great Elm Capital Group has a 52 week low of $8.63 and a 52 week high of $11.45. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.40. The stock has a market cap of $102.28 million, a PE ratio of 5.67 and a beta of 0.98. The company’s 50-day moving average price is $11.00 and its two-hundred day moving average price is $10.64.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.07. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. The company had revenue of $14.28 million for the quarter, compared to analysts’ expectations of $13.25 million. As a group, sell-side analysts anticipate that Great Elm Capital Group will post 1.43 EPS for the current fiscal year.

Great Elm Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 16.7%. Great Elm Capital Group’s dividend payout ratio is currently 94.87%.

Institutional Investors Weigh In On Great Elm Capital Group

An institutional investor recently bought a new position in Great Elm Capital Group stock. Ethos Financial Group LLC acquired a new position in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,309 shares of the financial services provider’s stock, valued at approximately $268,000. Ethos Financial Group LLC owned approximately 0.23% of Great Elm Capital Group as of its most recent SEC filing. 38.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GECC. Wall Street Zen lowered Great Elm Capital Group from a “buy” rating to a “hold” rating in a research report on Friday. Capital One Financial set a $11.00 price target on shares of Great Elm Capital Group in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Great Elm Capital Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $11.00.

About Great Elm Capital Group

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.