Great Elm Capital (NASDAQ:GECC) Issues Quarterly Earnings Results

Great Elm Capital (NASDAQ:GECC) posted its quarterly earnings results on Monday. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.17), Zacks reports. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%.

Great Elm Capital Stock Down 2.3 %

Shares of NASDAQ:GECC traded down $0.25 during midday trading on Monday, hitting $10.53. 39,479 shares of the company’s stock were exchanged, compared to its average volume of 17,266. The company has a market cap of $121.56 million, a PE ratio of 15.26 and a beta of 1.52. Great Elm Capital has a 12 month low of $9.55 and a 12 month high of $11.39. The stock has a 50 day moving average price of $10.78 and a 200-day moving average price of $10.41. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11.

Great Elm Capital Cuts Dividend

The firm also recently declared 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 payout ratio is currently 214.49%.

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.