Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.74 and traded as low as $9.96. Great Elm Capital shares last traded at $10.04, with a volume of 16,974 shares changing hands.
Great Elm Capital Stock Down 1.2 %
The firm has a market capitalization of $115.79 million, a PE ratio of 14.54 and a beta of 1.52. 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 fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $10.40.
Great Elm Capital (NASDAQ:GECC - Get Free Report) last issued its earnings results on Monday, March 10th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. The business had revenue of $9.10 million for the quarter, compared to the consensus estimate of $11.46 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. Analysts forecast that Great Elm Capital Corp. will post 1.43 EPS for the current fiscal year.
Great Elm Capital Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital's dividend payout ratio (DPR) is 477.42%.
Institutional Trading of Great Elm Capital
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Right Capital Management L.P. raised its position in shares of Great Elm Capital by 29.7% in the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider's stock worth $11,384,000 after acquiring an additional 237,367 shares in the last quarter. Northern Trust Corp bought a new position in Great Elm Capital in the fourth quarter worth about $187,000. Virtu Financial LLC purchased a new stake in Great Elm Capital during the fourth quarter valued at approximately $176,000. Finally, Two Sigma Securities LLC acquired a new stake in Great Elm Capital in the fourth quarter valued at approximately $129,000. Institutional investors own 38.75% of the company's stock.
About Great Elm Capital
(
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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.
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