Great Elm Capital Corp. (NASDAQ:GECC) Director Acquires $95,232.00 in Stock

Great Elm Capital Corp. (NASDAQ:GECC) Director Matthew A. Drapkin purchased 9,600 shares of the stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $9.92 per share, with a total value of $95,232.00. Following the acquisition, the director now directly owns 75,716 shares in the company, valued at approximately $751,102.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Great Elm Capital Price Performance

Shares of GECC opened at $10.04 on Wednesday. Great Elm Capital Corp. has a 12-month low of $8.38 and a 12-month high of $11.82. The business has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $10.39. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.38. The stock has a market cap of $94.90 million, a PE ratio of 4.56 and a beta of 1.60.

Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Great Elm Capital had a return on equity of 11.40% and a net margin of 27.61%. The firm had revenue of $9.55 million during the quarter, compared to analyst estimates of $9.77 million. During the same period in the previous year, the company earned $0.44 EPS. Analysts anticipate that Great Elm Capital Corp. will post 1.42 earnings per share for the current fiscal year.

Great Elm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.35 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 13.94%. Great Elm Capital’s payout ratio is presently 63.64%.

Hedge Funds Weigh In On Great Elm Capital

An institutional investor recently raised its position in Great Elm Capital stock. O Shaughnessy Asset Management LLC raised its stake in Great Elm Capital Corp. (NASDAQ:GECC) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,730 shares of the financial services provider’s stock after buying an additional 3,214 shares during the period. O Shaughnessy Asset Management LLC owned about 0.29% of Great Elm Capital worth $307,000 as of its most recent SEC filing. 38.75% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Company Profile

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.