Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Up 48.1% in October

Great Elm Capital Corp. (NASDAQ:GECC) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 24,000 shares, a growth of 48.1% from the October 15th total of 16,200 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 17,600 shares, the days-to-cover ratio is currently 1.4 days.

Great Elm Capital Trading Up 0.5 %

Great Elm Capital stock traded up $0.05 during trading on Friday, reaching $10.08. 4,174 shares of the company were exchanged, compared to its average volume of 17,765. Great Elm Capital has a 52-week low of $9.55 and a 52-week high of $11.82. The company has a market capitalization of $105.28 million, a P/E ratio of 14.60 and a beta of 1.60. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. The stock’s 50 day simple moving average is $10.07 and its two-hundred day simple moving average is $10.24.

Great Elm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 13.90%. The ex-dividend date is Monday, December 16th. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

Insider Buying and Selling at Great Elm Capital

In other Great Elm Capital news, Director Matthew A. Drapkin purchased 9,600 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the completion of the purchase, the director now owns 75,716 shares in the company, valued at $751,102.72. This represents a 14.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Great Elm Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Crestwood Advisors Group LLC acquired a new position in Great Elm Capital in the 3rd quarter valued at about $127,000. O Shaughnessy Asset Management LLC increased its position in Great Elm Capital by 13.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 3,214 shares during the period. Finally, Cruiser Capital Advisors LLC grew its holdings in shares of Great Elm Capital by 28.8% in the 1st quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock worth $1,060,000 after acquiring an additional 21,422 shares during the period. 38.75% of the stock is owned by hedge funds and other institutional investors.

About Great Elm Capital

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.