Northern Right Capital Management L.P. Boosts Stock Position in Great Elm Capital Corp. (NASDAQ:GECC)

Northern Right Capital Management L.P. boosted its position in Great Elm Capital Corp. (NASDAQ:GECC - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,035,838 shares of the financial services provider's stock after buying an additional 237,367 shares during the period. Great Elm Capital makes up approximately 4.2% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 11th largest holding. Northern Right Capital Management L.P. owned 8.98% of Great Elm Capital worth $11,384,000 at the end of the most recent quarter.

Separately, Two Sigma Securities LLC purchased a new position in Great Elm Capital in the fourth quarter valued at $129,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital Stock Performance

GECC traded down $0.02 on Tuesday, reaching $10.13. The stock had a trading volume of 14,871 shares, compared to its average volume of 20,343. The company has a market cap of $116.94 million, a P/E ratio of 14.68 and a beta of 1.18. The business's 50-day moving average price is $10.29 and its two-hundred day moving average price is $10.35. 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 Corp. has a 12-month low of $8.87 and a 12-month high of $11.39.

Great Elm Capital (NASDAQ:GECC - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 earnings per share (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 for the quarter, compared to analysts' expectations of $11.46 million. During the same period in the prior year, the company posted $0.55 EPS. Sell-side analysts forecast that Great Elm Capital Corp. will post 1.43 earnings per share for the current year.

Great Elm Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.37 dividend. This is a positive change from Great Elm Capital's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 14.61%. The ex-dividend date of this dividend was Monday, March 17th. Great Elm Capital's dividend payout ratio is currently 477.42%.

Great Elm Capital 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.