Great Elm Capital (NASDAQ:GECC) Trading 0.6% Higher

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

Great Elm Capital Stock Up 0.6 %

The company has a market capitalization of $105.13 million, a price-to-earnings ratio of 4.57 and a beta of 1.60. The business has a fifty day simple moving average of $10.36 and a two-hundred day simple moving average of $10.40. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.38.

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

Great Elm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.92%. The ex-dividend date of this dividend is Monday, September 16th. Great Elm Capital’s payout ratio is 63.64%.

Insiders Place Their Bets

In other Great Elm Capital news, Director Matthew A. Drapkin purchased 3,189 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of $10.01 per share, with a total value of $31,921.89. Following the completion of the acquisition, the director now directly owns 64,806 shares of the company’s stock, valued at approximately $648,708.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Great Elm Capital stock. O Shaughnessy Asset Management LLC grew its holdings in Great Elm Capital Corp. (NASDAQ:GECC) by 13.1% during the 1st quarter, according to its most recent 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 quarter. O Shaughnessy Asset Management LLC owned approximately 0.29% of Great Elm Capital worth $307,000 at the end of the most recent reporting period. 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.