Short Interest in Great Elm Capital Corp. (NASDAQ:GECC) Grows By 39.2%

Great Elm Capital Corp. (NASDAQ:GECC) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 45,800 shares, an increase of 39.2% from the November 15th total of 32,900 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 16,400 shares, the short-interest ratio is presently 2.8 days.

Great Elm Capital Stock Performance

GECC stock traded up $0.10 during mid-day trading on Friday, reaching $10.50. The company had a trading volume of 75,886 shares, compared to its average volume of 17,932. The stock’s 50-day simple moving average is $10.14 and its two-hundred day simple moving average is $10.25. The stock has a market capitalization of $109.73 million, a P/E ratio of 15.09 and a beta of 1.61. 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 one year low of $9.55 and a one year high of $11.31.

Great Elm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date is Monday, December 16th. Great Elm Capital’s payout ratio is 202.90%.

Insider Buying and Selling at Great Elm Capital

In related news, Director Matthew A. Drapkin acquired 9,600 shares of Great Elm Capital stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $9.92 per share, for a total transaction of $95,232.00. Following the transaction, the director now directly owns 75,716 shares of the company’s stock, valued at $751,102.72. This trade represents a 14.52 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new position in Great Elm Capital Corp. (NASDAQ:GECC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned approximately 0.13% of Great Elm Capital at the end of the most recent reporting period. 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.