Great Elm Capital Corp. (NASDAQ:GECC) Sees Significant Increase in Short Interest

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 45,800 shares, an increase of 39.2% from the November 15th total of 32,900 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is presently 2.8 days. Approximately 0.6% of the shares of the stock are sold short.

Insider Buying and Selling at Great Elm Capital

In other news, Director Matthew A. Drapkin acquired 9,600 shares of Great Elm Capital stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $9.92 per share, with a total value of $95,232.00. Following the purchase, the director now directly owns 75,716 shares in the company, valued at $751,102.72. The trade was a 14.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.

Institutional Trading of Great Elm Capital

A hedge fund recently bought a new stake 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 fund bought 12,518 shares of the financial services provider's stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital as of its most recent filing with the Securities and Exchange Commission. 38.75% of the stock is currently owned by institutional investors and hedge funds.

Great Elm Capital Price Performance

Shares of NASDAQ GECC traded up $0.03 during midday trading on Friday, reaching $10.43. 77,141 shares of the stock traded hands, compared to its average volume of 17,938. The company's 50 day moving average is $10.15 and its 200 day moving average is $10.25. Great Elm Capital has a one year low of $9.55 and a one year high of $11.31. The stock has a market capitalization of $108.99 million, a PE ratio of 15.12 and a beta of 1.61. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11.

Great Elm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.42%. Great Elm Capital's payout ratio is currently 202.90%.

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.