Great Elm Capital Group (NASDAQ:GECC) Issues Earnings Results

Great Elm Capital Group (NASDAQ:GECC) posted its quarterly earnings data on Monday. The financial services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01), Zacks reports. The firm had revenue of $8.69 million for the quarter, compared to the consensus estimate of $9.59 million. Great Elm Capital Group had a positive return on equity of 13.87% and a negative net margin of 87.74%.

Great Elm Capital Group Stock Performance

NASDAQ:GECC opened at $5.00 on Tuesday. The company has a fifty day moving average of $5.36 and a 200-day moving average of $5.68. The firm has a market capitalization of $69.45 million, a P/E ratio of -1.69 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.47. Great Elm Capital Group has a twelve month low of $4.63 and a twelve month high of $8.14.

Great Elm Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 20.0%. The ex-dividend date is Tuesday, December 15th. Great Elm Capital Group’s dividend payout ratio is presently -33.90%.

Analyst Ratings Changes

Several research firms recently commented on GECC. Zacks Research downgraded shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $10.00.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.