Great Elm Capital Group (NASDAQ:GECC) Stock Rating Cut to Strong Sell at Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Tuesday, September 1st. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Great Elm Capital Group presently has an average rating of “Sell”.

Great Elm Capital Group Price Performance

Shares of Great Elm Capital Group stock opened at $5.02 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.47. The company’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $5.65. Great Elm Capital Group has a 52 week low of $4.63 and a 52 week high of $8.14. The stock has a market cap of $68.57 million, a PE ratio of 4.41 and a beta of 0.85.

Great Elm Capital Group (NASDAQ:GECC) last issued its quarterly earnings results on Monday, November 2nd. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Great Elm Capital Group had a negative net margin of 49.20% and a positive return on equity of 15.01%. The business had revenue of $8.69 million during the quarter, compared to analyst estimates of $9.59 million. As a group, sell-side analysts anticipate that Great Elm Capital Group will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Great Elm Capital Group

An institutional investor recently bought a new stake in Great Elm Capital Group stock. Rangeley Capital 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 10,000 shares of the financial services provider’s stock, valued at approximately $50,000. Rangeley Capital LLC owned approximately 0.07% of Great Elm Capital Group as of its most recent SEC filing. Institutional investors own 38.75% of the company’s stock.

About Great Elm Capital Group

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.