Richard M. Cohen Buys 3,100 Shares of Great Elm Capital Corp. (NASDAQ:GECC) Stock

Great Elm Capital Corp. (NASDAQ:GECC) Director Richard M. Cohen acquired 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $10.95 per share, with a total value of $33,945.00. Following the acquisition, the director now owns 18,100 shares in the company, valued at $198,195. The trade was a 20.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Great Elm Capital Trading Up 0.5%

Shares of GECC opened at $11.05 on Friday. The business has a 50-day moving average of $10.38 and a 200 day moving average of $10.47. Great Elm Capital Corp. has a fifty-two week low of $8.87 and a fifty-two week high of $11.39. The firm has a market cap of $127.56 million, a P/E ratio of 16.01 and a beta of 1.09. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11.

Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings data on Monday, May 5th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. The company had revenue of $7.97 million during the quarter, compared to analyst estimates of $12.11 million. As a group, research analysts forecast that Great Elm Capital Corp. will post 1.43 EPS for the current year.

Great Elm Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 13.39%. The ex-dividend date of this dividend is Monday, June 16th. Great Elm Capital’s payout ratio is presently 370.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Great Elm Capital from a “buy” rating to a “hold” rating in a report on Saturday, May 31st.

Institutional Trading of Great Elm Capital

A number of large investors have recently modified their holdings of the business. Northern Right Capital Management L.P. boosted its position in shares of 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 acquiring an additional 237,367 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of Great Elm Capital during the 1st quarter valued at about $268,000. Northern Trust Corp bought a new stake in shares of Great Elm Capital during the 4th quarter valued at about $187,000. Virtu Financial LLC bought a new stake in shares of Great Elm Capital during the 4th quarter valued at about $176,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Great Elm Capital during the 4th quarter valued at about $129,000. Institutional investors 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.