Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Trading Down 0.3% – Time to Sell?

Shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) dropped 0.3% on Thursday . The company traded as low as $24.97 and last traded at $25.0350. 240 shares traded hands during trading, a decline of 93% from the average daily volume of 3,254 shares. The stock had previously closed at $25.11.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Up 0.4%

The company’s fifty day moving average price is $25.36 and its 200-day moving average price is $25.29.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5313 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake 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) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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.