Great Elm Capital (NASDAQ:GECC) Trading Up 0.4% After Dividend Announcement

Shares of Great Elm Capital Corp. (NASDAQ:GECC) were up 0.4% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $11.20 and last traded at $11.19. Approximately 5,643 shares changed hands during trading, a decline of 64% from the average daily volume of 15,762 shares. The stock had previously closed at $11.15.

The newly announced dividend which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 214.49%.

Great Elm Capital Stock Up 0.4 %

The firm has a market capitalization of $129.18 million, a PE ratio of 16.22 and a beta of 1.57. The company has a fifty day moving average price of $10.63 and a 200-day moving average price of $10.33. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11.

Institutional Trading of Great Elm Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Right Capital Management L.P. raised its holdings in Great Elm Capital by 29.7% during the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock valued at $11,384,000 after buying an additional 237,367 shares during the period. Northern Trust Corp purchased a new stake in Great Elm Capital during the 4th quarter valued at $187,000. Virtu Financial LLC purchased a new stake in Great Elm Capital during the 4th quarter valued at $176,000. Crestwood Advisors Group LLC purchased a new stake in Great Elm Capital during the 3rd quarter valued at $127,000. Finally, Two Sigma Securities LLC purchased a new stake in Great Elm Capital during the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 38.75% of the company’s stock.

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.