Zacks: Analysts Expect Great Elm Capital Corp (GECC) Will Announce Quarterly Sales of $6.57 Million

Equities analysts expect that Great Elm Capital Corp (NASDAQ:GECC) will report sales of $6.57 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Great Elm Capital’s earnings, with estimates ranging from $6.55 million to $6.60 million. Great Elm Capital posted sales of $9.71 million in the same quarter last year, which suggests a negative year-over-year growth rate of 32.3%. The company is expected to announce its next earnings report on Monday, March 11th.

According to Zacks, analysts expect that Great Elm Capital will report full-year sales of $27.44 million for the current fiscal year, with estimates ranging from $27.39 million to $27.50 million. For the next year, analysts expect that the business will report sales of $26.30 million, with estimates ranging from $26.19 million to $26.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Great Elm Capital.

Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings data on Tuesday, November 13th. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $6.18 million for the quarter, compared to the consensus estimate of $6.96 million. Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%.

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

Shares of Great Elm Capital stock traded down $0.02 during trading hours on Friday, reaching $8.15. The company’s stock had a trading volume of 22,200 shares, compared to its average volume of 44,831. Great Elm Capital has a one year low of $7.47 and a one year high of $10.07. 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 company has a market cap of $86.80 million, a PE ratio of 5.36 and a beta of 0.78.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be issued a $0.083 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.22%. The ex-dividend date is Wednesday, January 30th. Great Elm Capital’s dividend payout ratio (DPR) is currently 65.79%.

In other news, major shareholder Mast Capital Management, Llc sold 39,800 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $8.11, for a total value of $322,778.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam M. Kleinman acquired 9,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were purchased at an average price of $8.06 per share, with a total value of $72,540.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 96,050 shares of company stock worth $781,226 and have sold 225,051 shares worth $1,799,376. Corporate insiders own 0.27% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GECC. Acadian Asset Management LLC lifted its stake in Great Elm Capital by 103.3% in the third quarter. Acadian Asset Management LLC now owns 16,885 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 8,578 shares during the last quarter. Stilwell Value LLC acquired a new position in shares of Great Elm Capital in the 4th quarter valued at $141,000. B. Riley Financial Inc. acquired a new position in Great Elm Capital in the 4th quarter valued at $261,000. Monarch Partners Asset Management LLC acquired a new position in Great Elm Capital in the 4th quarter valued at $365,000. Finally, OTA Financial Group L.P. acquired a new position in Great Elm Capital in the 4th quarter valued at $992,000. Institutional investors and hedge funds own 6.51% of the company’s stock.

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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