Great Elm Capital Group (NASDAQ:GECC) CEO Purchases $150,126.00 in Stock

Great Elm Capital Group, Inc. (NASDAQ:GECC) CEO Matthew Kaplan purchased 19,650 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $7.64 per share, for a total transaction of $150,126.00. Following the transaction, the chief executive officer directly owned 142,400 shares of the company’s stock, valued at $1,087,936. This trade represents a 16.01% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Great Elm Capital Group Trading Down 0.5%

Shares of Great Elm Capital Group stock opened at $7.99 on Thursday. The company has a market capitalization of $111.86 million, a price-to-earnings ratio of -14.27 and a beta of 0.90. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.43. Great Elm Capital Group, Inc. has a 12-month low of $7.18 and a 12-month high of $11.45. The firm’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $10.20.

Great Elm Capital Group (NASDAQ:GECC) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $7.58 million during the quarter, compared to analyst estimates of $10.48 million. Great Elm Capital Group had a negative net margin of 17.08% and a positive return on equity of 10.97%. On average, analysts forecast that Great Elm Capital Group, Inc. will post 1.43 earnings per share for the current fiscal year.

Great Elm Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, December 15th. This represents a $1.48 annualized dividend and a yield of 18.5%. Great Elm Capital Group’s dividend payout ratio is presently -264.29%.

Hedge Funds Weigh In On Great Elm Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in shares of Great Elm Capital Group during the first quarter valued at about $268,000. Trust Co. of Toledo NA OH bought a new position in Great Elm Capital Group in the 2nd quarter valued at approximately $41,000. Finally, Crestwood Advisors Group LLC raised its holdings in Great Elm Capital Group by 95.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider’s stock valued at $245,000 after buying an additional 11,956 shares during the last quarter. Institutional investors and hedge funds own 38.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GECC. Wall Street Zen downgraded Great Elm Capital Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research lowered Great Elm Capital Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Janney Montgomery Scott decreased their target price on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Capital One Financial set a $11.00 target price on shares of Great Elm Capital Group in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Great Elm Capital Group in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Great Elm Capital Group currently has a consensus rating of “Reduce” and a consensus target price of $10.50.

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.