Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.39 and traded as low as $9.85. Great Elm Capital shares last traded at $10.24, with a volume of 19,339 shares trading hands.
Great Elm Capital Trading Up 0.2 %
The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The company's 50-day moving average is $10.35 and its 200 day moving average is $10.35. The company has a market cap of $115.04 million, a price-to-earnings ratio of 14.44 and a beta of 1.18.
Great Elm Capital (NASDAQ:GECC - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.15). Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. The business had revenue of $9.10 million during the quarter, compared to analyst estimates of $11.46 million. During the same period in the previous year, the business posted $0.55 earnings per share. Research analysts predict that Great Elm Capital Corp. will post 1.43 EPS for the current year.
Great Elm Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 14.85%. The ex-dividend date was Monday, March 17th. This is a boost from Great Elm Capital's previous quarterly dividend of $0.35. Great Elm Capital's dividend payout ratio (DPR) is 477.42%.
Institutional Trading of Great Elm Capital
A number of institutional investors have recently modified their holdings of GECC. Northern Right Capital Management L.P. increased its holdings 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 valued at $11,384,000 after purchasing an additional 237,367 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of Great Elm Capital during the 4th quarter worth approximately $187,000. Virtu Financial LLC acquired a new stake in shares of Great Elm Capital in the 4th quarter worth approximately $176,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Great Elm Capital in the 4th quarter worth approximately $129,000. 38.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
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