Great Elm Capital Corp. (NASDAQ:GECC) Sees Significant Decline in Short Interest

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 16,200 shares, a drop of 13.8% from the September 30th total of 18,800 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 17,700 shares, the short-interest ratio is currently 0.9 days.

Insider Buying and Selling

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

Institutional Trading of Great Elm Capital

An institutional investor recently raised its position in Great Elm Capital stock. O Shaughnessy Asset Management LLC boosted its position in Great Elm Capital Corp. (NASDAQ:GECC - Free Report) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,730 shares of the financial services provider's stock after buying an additional 3,214 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.29% of Great Elm Capital worth $307,000 at the end of the most recent reporting period. Institutional investors own 38.75% of the company's stock.

Great Elm Capital Stock Up 0.1 %

Shares of NASDAQ GECC traded up $0.01 during trading hours on Tuesday, hitting $9.83. The stock had a trading volume of 6,602 shares, compared to its average volume of 17,862. The firm's 50-day moving average price is $10.20 and its two-hundred day moving average price is $10.27. Great Elm Capital has a 52 week low of $8.38 and a 52 week high of $11.82. The company has a market capitalization of $92.90 million, a P/E ratio of 4.50 and a beta of 1.60. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.30 and a current ratio of 0.30.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.77 million. During the same period in the prior year, the firm earned $0.44 earnings per share. Analysts anticipate that Great Elm Capital will post 1.42 EPS for the current fiscal year.

Great Elm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.24%. Great Elm Capital's dividend payout ratio is currently 63.64%.

About Great Elm Capital

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.