Great Elm Capital (NASDAQ:GECC) Trading Up 0.8% - Time to Buy?

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report)'s share price was up 0.8% during trading on Monday . The stock traded as high as $10.38 and last traded at $10.36. Approximately 11,570 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 17,529 shares. The stock had previously closed at $10.28.

Great Elm Capital Trading Down 0.1 %

The firm has a fifty day moving average of $10.12 and a two-hundred day moving average of $10.24. The company has a market cap of $108.16 million, a PE ratio of 15.00 and a beta of 1.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83.

Great Elm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.53%. The ex-dividend date is Monday, December 16th. Great Elm Capital's payout ratio is currently 202.90%.

Insider Buying and Selling

In other news, Director Matthew A. Drapkin purchased 9,600 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $9.92 per share, with a total value of $95,232.00. Following the completion of the acquisition, the director now owns 75,716 shares in the company, valued at $751,102.72. This represents a 14.52 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 10.20% of the stock is 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 position in Great Elm Capital Corp. (NASDAQ:GECC - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 SEC filing. 38.75% of the stock is owned by institutional investors and hedge funds.

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.