Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Price Up 0.2% – Here’s What Happened

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI)’s stock price rose 0.2% on Thursday . The company traded as high as $25.40 and last traded at $25.40. Approximately 169 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 3,688 shares. The stock had previously closed at $25.35.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Price Performance

The business’s 50 day moving average is $25.31 and its 200 day moving average is $25.31.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.5253 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 8.3%.

Institutional Trading of Great Elm Capital Corp. 8.50% NOTES DUE 2029

An institutional investor recently bought a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. acquired a new stake in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.