Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 29,900 shares, a decline of 34.7% from the November 30th total of 45,800 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 18,100 shares, the short-interest ratio is currently 1.7 days.
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 stake in Great Elm Capital Corp. (NASDAQ:GECC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 approximately 0.13% of Great Elm Capital at the end of the most recent quarter. 38.75% of the stock is owned by institutional investors and hedge funds.
Great Elm Capital Stock Performance
NASDAQ GECC traded up $0.19 during trading on Friday, hitting $10.56. The company's stock had a trading volume of 10,614 shares, compared to its average volume of 18,442. Great Elm Capital has a 52 week low of $9.55 and a 52 week high of $11.31. The firm has a market cap of $110.35 million, a P/E ratio of 15.30 and a beta of 1.61. The firm has a 50 day moving average price of $10.20 and a 200 day moving average price of $10.25. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83.
Great Elm Capital Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. Great Elm Capital's dividend payout ratio (DPR) is currently 202.90%.
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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