Great Elm Capital Corp. (NASDAQ:GECC) Plans Quarterly Dividend of $0.35

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Monday, December 16th will be given a dividend of 0.35 per share by the financial services provider on Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 14.33%. The ex-dividend date of this dividend is Monday, December 16th.

Great Elm Capital has decreased its dividend payment by an average of 2.1% annually over the last three years. Great Elm Capital has a dividend payout ratio of 94.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Great Elm Capital to earn $1.48 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 94.6%.

Great Elm Capital Trading Up 0.9 %

NASDAQ GECC traded up $0.09 on Friday, reaching $9.77. The company had a trading volume of 11,086 shares, compared to its average volume of 17,889. The firm has a market cap of $102.10 million, a price-to-earnings ratio of 14.16 and a beta of 1.60. Great Elm Capital has a fifty-two week low of $8.83 and a fifty-two week high of $11.82. The business has a 50 day moving average of $10.16 and a two-hundred day moving average of $10.26. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.30 and a quick ratio of 0.30.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Great Elm Capital had a return on equity of 11.40% and a net margin of 27.61%. The business had revenue of $9.55 million for the quarter, compared to analyst estimates of $9.77 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Analysts forecast that Great Elm Capital will post 1.42 EPS for the current year.

Insiders Place Their Bets

In other Great Elm Capital news, Director Matthew A. Drapkin purchased 9,600 shares of the firm's stock in a transaction on Monday, September 16th. The stock was purchased at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the acquisition, the director now owns 75,716 shares in the company, valued at approximately $751,102.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Matthew A. Drapkin bought 3,189 shares of Great Elm Capital stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $10.01 per share, for a total transaction of $31,921.89. Following the purchase, the director now directly owns 64,806 shares in the company, valued at approximately $648,708.06. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew A. Drapkin bought 9,600 shares of Great Elm Capital stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of $9.92 per share, with a total value of $95,232.00. Following the completion of the purchase, the director now owns 75,716 shares in the company, valued at $751,102.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 10.20% of the company's stock.

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.