Great Elm Capital Corp (GECC) Director Purchases $16,760.00 in Stock

Great Elm Capital Corp (NASDAQ:GECC) Director Randall Revell Horsey acquired 2,000 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was bought at an average cost of $8.38 per share, for a total transaction of $16,760.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, November 28th, Randall Revell Horsey acquired 4,000 shares of Great Elm Capital stock. The stock was bought at an average cost of $8.36 per share, for a total transaction of $33,440.00.
  • On Friday, November 16th, Randall Revell Horsey acquired 1,000 shares of Great Elm Capital stock. The stock was bought at an average cost of $8.14 per share, for a total transaction of $8,140.00.

NASDAQ:GECC traded down $0.05 during mid-day trading on Tuesday, reaching $8.31. 18,830 shares of the company’s stock were exchanged, compared to its average volume of 42,107. Great Elm Capital Corp has a one year low of $7.76 and a one year high of $10.44. The firm has a market cap of $89.48 million, a price-to-earnings ratio of 5.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings results on Tuesday, November 13th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Great Elm Capital had a return on equity of 14.91% and a net margin of 27.93%. The business had revenue of $6.18 million for the quarter, compared to the consensus estimate of $6.96 million. Sell-side analysts anticipate that Great Elm Capital Corp will post 1.45 EPS for the current year.

A hedge fund recently raised its stake in Great Elm Capital stock. Quantum Capital Management increased its holdings in shares of Great Elm Capital Corp (NASDAQ:GECC) by 27.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,920 shares of the financial services provider’s stock after acquiring an additional 37,932 shares during the quarter. Quantum Capital Management owned about 1.63% of Great Elm Capital worth $1,687,000 as of its most recent filing with the SEC. 5.32% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Great Elm Capital from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, August 15th.

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About Great Elm Capital

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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