Great Elm Capital (NASDAQ:GECC) Stock Price Up 0.6%

Great Elm Capital Corp. (NASDAQ:GECC) rose 0.6% during trading on Monday . The stock traded as high as $10.10 and last traded at $10.06. Approximately 44,291 shares changed hands during trading, an increase of 138% from the average daily volume of 18,645 shares. The stock had previously closed at $10.00.

Great Elm Capital Stock Performance

The stock has a market capitalization of $94.19 million, a PE ratio of 4.53 and a beta of 1.60. The firm’s fifty day moving average is $10.36 and its 200-day moving average is $10.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 1.38.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $9.55 million during the quarter, compared to analysts’ expectations of $9.77 million. Great Elm Capital had a net margin of 27.61% and a return on equity of 11.40%. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, research analysts anticipate that Great Elm Capital Corp. will post 1.42 earnings per share for the current year.

Great Elm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 14.05%. The ex-dividend date of this dividend is Monday, September 16th. Great Elm Capital’s dividend payout ratio (DPR) is 63.64%.

Insider Activity at Great Elm Capital

In other news, Director Matthew A. Drapkin acquired 3,189 shares of Great Elm Capital 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 completion of the purchase, the director now owns 64,806 shares in the company, valued at $648,708.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Great Elm Capital news, Director Matthew A. Drapkin bought 9,600 shares of Great Elm Capital stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the completion of the transaction, the director now owns 75,716 shares of the company’s stock, valued at approximately $751,102.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew A. Drapkin bought 3,189 shares of Great Elm Capital stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $10.01 per share, for a total transaction of $31,921.89. Following the completion of the transaction, the director now directly owns 64,806 shares of the company’s stock, valued at approximately $648,708.06. The disclosure for this purchase can be found here. 10.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Great Elm Capital

An institutional investor recently raised its position in Great Elm Capital stock. O Shaughnessy Asset Management LLC increased its stake in Great Elm Capital Corp. (NASDAQ:GECC) by 13.1% during the 1st quarter, according to the company in 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 purchasing an additional 3,214 shares during the period. O Shaughnessy Asset Management LLC owned 0.29% of Great Elm Capital worth $307,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 38.75% 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.