Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 19,900 shares, a drop of 38.4% from the December 31st total of 32,300 shares. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the company are sold short.
Great Elm Capital Stock Performance
Shares of Great Elm Capital stock remained flat at $10.54 on Wednesday. 9,293 shares of the stock traded hands, compared to its average volume of 18,300. 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 company has a market capitalization of $121.63 million, a PE ratio of 15.28 and a beta of 1.57. Great Elm Capital has a 1-year low of $9.55 and a 1-year high of $11.31. The firm has a 50-day moving average of $10.51 and a 200-day moving average of $10.30.
Great Elm Capital Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital's dividend payout ratio is 202.90%.
Institutional Trading of Great Elm Capital
An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC bought a new stake in shares of Great Elm Capital Corp. (NASDAQ:GECC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,518 shares of the financial services provider's stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned 0.13% of Great Elm Capital at the end of the most recent quarter. Hedge funds and other institutional investors own 38.75% of the company's stock.
Great Elm Capital Company Profile
(
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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.
Further Reading
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