Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 24,000 shares, an increase of 48.1% from the October 15th total of 16,200 shares. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.3% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, Director Matthew A. Drapkin purchased 9,600 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $9.92 per share, for a total transaction of $95,232.00. Following the transaction, the director now directly owns 75,716 shares of the company's stock, valued at $751,102.72. This trade represents a 14.52 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Great Elm Capital

Institutional investors have recently bought and sold shares of the business. Cruiser Capital Advisors LLC grew its position in Great Elm Capital by 28.8% in the first 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 in the last quarter. O Shaughnessy Asset Management LLC grew its position in Great Elm Capital by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider's stock worth $307,000 after buying an additional 3,214 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of Great Elm Capital during the 3rd quarter worth approximately $127,000. 38.75% of the stock is currently owned by institutional investors and hedge funds.

Great Elm Capital Trading Up 0.5 %

Shares of NASDAQ:GECC traded up $0.05 during mid-day trading on Friday, hitting $10.08. The stock had a trading volume of 4,174 shares, compared to its average volume of 17,765. Great Elm Capital has a 12-month low of $9.55 and a 12-month high of $11.82. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $105.28 million, a PE ratio of 14.60 and a beta of 1.60. The company's 50 day moving average is $10.07 and its 200-day moving average is $10.24.

Great Elm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.90%. The ex-dividend date of this dividend is Monday, December 16th. Great Elm Capital's dividend payout ratio is currently 202.90%.

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.