Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 41,500 shares, an increase of 108.5% from the January 15th total of 19,900 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Great Elm Capital

A number of institutional investors and hedge funds have recently bought and sold shares of GECC. Northern Right Capital Management L.P. grew its holdings in shares of Great Elm Capital by 29.7% during the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock worth $11,384,000 after purchasing an additional 237,367 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of Great Elm Capital in the 4th quarter valued at about $187,000. Virtu Financial LLC purchased a new position in Great Elm Capital during the 4th quarter worth approximately $176,000. Crestwood Advisors Group LLC acquired a new position in Great Elm Capital during the third quarter worth approximately $127,000. Finally, Two Sigma Securities LLC purchased a new stake in Great Elm Capital in the fourth quarter valued at approximately $129,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital Stock Performance

Shares of Great Elm Capital stock opened at $10.86 on Friday. 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 has a 52 week low of $9.55 and a 52 week high of $11.31. The firm’s 50 day moving average is $10.54 and its two-hundred day moving average is $10.30. The firm has a market capitalization of $125.32 million, a P/E ratio of 15.74 and a beta of 1.57.

Great Elm Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

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.