Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) shot up 0.4% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $11.20 and last traded at $11.19. 5,643 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 15,762 shares. The stock had previously closed at $11.15.
The newly announced dividend which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital's payout ratio is currently 214.49%.
Great Elm Capital Trading Up 0.5 %
The firm has a 50-day moving average of $10.70 and a 200 day moving average of $10.36. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $129.93 million, a price-to-earnings ratio of 16.31 and a beta of 1.57.
Hedge Funds Weigh In On Great Elm Capital
A number of institutional investors and hedge funds have recently bought and sold shares of GECC. Crestwood Advisors Group LLC bought a new stake in shares of Great Elm Capital during the 3rd quarter worth about $127,000. Northern Trust Corp acquired a new position in shares of Great Elm Capital during the fourth quarter valued at approximately $187,000. Two Sigma Securities LLC bought a new stake in Great Elm Capital during the fourth quarter worth approximately $129,000. Northern Right Capital Management L.P. lifted its position in Great Elm Capital by 29.7% in the fourth 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 purchasing an additional 237,367 shares during the period. Finally, Virtu Financial LLC bought a new position in Great Elm Capital during the 4th quarter valued at $176,000. 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.
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