Analysts Set Great Elm Capital (GECC) PT at $13.33

Great Elm Capital (NASDAQ:GECC) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.33.

Several equities research analysts have weighed in on GECC shares. ValuEngine cut Great Elm Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Great Elm Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. Finally, Ladenburg Thalmann Financial Services initiated coverage on Great Elm Capital in a research report on Thursday, March 15th. They set a “neutral” rating for the company.

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A hedge fund recently bought a new stake in Great Elm Capital stock. Quantum Capital Management bought a new stake in shares of Great Elm Capital (NASDAQ:GECC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,056 shares of the financial services provider’s stock, valued at approximately $512,000. Quantum Capital Management owned 0.46% of Great Elm Capital at the end of the most recent reporting period. Institutional investors own 8.06% of the company’s stock.

Shares of GECC stock traded up $0.17 during midday trading on Thursday, reaching $9.25. The company’s stock had a trading volume of 55,296 shares, compared to its average volume of 13,064. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.24. Great Elm Capital has a 52 week low of $8.76 and a 52 week high of $11.67. The company has a market capitalization of $98.32, a PE ratio of -40.22 and a beta of 0.47.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Monday, March 12th. The financial services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.31. Great Elm Capital had a positive return on equity of 11.93% and a negative net margin of 9.26%. The company had revenue of $9.71 million for the quarter, compared to analysts’ expectations of $6.02 million. equities analysts predict that Great Elm Capital will post 1.04 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be given a dividend of $0.083 per share. The ex-dividend date is Friday, April 27th. This represents a $1.00 annualized dividend and a dividend yield of 10.77%. Great Elm Capital’s dividend payout ratio (DPR) is presently -434.78%.

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About Great Elm Capital

Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.

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