Great Elm Capital Corp (GECC) Director Acquires $33,440.00 in Stock

Great Elm Capital Corp (NASDAQ:GECC) Director Randall Revell Horsey bought 4,000 shares of Great Elm Capital stock in a transaction dated Wednesday, November 28th. The stock was purchased at an average price of $8.36 per share, with a total value of $33,440.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Randall Revell Horsey also recently made the following trade(s):

  • On Friday, November 16th, Randall Revell Horsey bought 1,000 shares of Great Elm Capital stock. The stock was purchased at an average price of $8.14 per share, with a total value of $8,140.00.

Shares of GECC opened at $8.40 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $89.48 million, a PE ratio of 5.53 and a beta of 1.22. Great Elm Capital Corp has a 52-week low of $7.76 and a 52-week high of $10.44.

Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings results on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The company had revenue of $6.18 million during the quarter, compared to analysts’ expectations of $6.96 million. Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%. On average, equities research analysts forecast that Great Elm Capital Corp will post 1.45 EPS for the current fiscal year.

An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management increased its stake in Great Elm Capital Corp (NASDAQ:GECC) by 27.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,920 shares of the financial services provider’s stock after purchasing an additional 37,932 shares during the quarter. Quantum Capital Management owned 1.63% of Great Elm Capital worth $1,687,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Great Elm Capital from a “hold” rating to a “sell” rating in a report on Friday, November 16th.

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Great Elm Capital Company Profile

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

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Insider Buying and Selling by Quarter for Great Elm Capital (NASDAQ:GECC)

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