Great Elm Capital (GECC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Great Elm Capital (NASDAQ:GECC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02, MarketWatch Earnings reports. Great Elm Capital had a positive return on equity of 12.54% and a negative net margin of 32.44%. The company had revenue of $6.31 million during the quarter, compared to analysts’ expectations of $6.71 million.

GECC stock traded down $0.10 during midday trading on Wednesday, hitting $8.54. The stock had a trading volume of 1,100 shares, compared to its average volume of 57,651. The stock has a market cap of $89.48 million, a P/E ratio of 5.98 and a beta of 0.83. Great Elm Capital has a 52 week low of $7.47 and a 52 week high of $10.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.20 and a quick ratio of 0.20.

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.083 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 11.66%. Great Elm Capital’s dividend payout ratio (DPR) is currently 69.44%.

Several research analysts recently commented on the company. Zacks Investment Research raised Great Elm Capital from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Tuesday. ValuEngine raised Great Elm Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

In related news, major shareholder Mast Capital Management, Llc sold 35,800 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $8.15, for a total value of $291,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 764,609 shares of company stock valued at $6,311,936. 1.40% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Great Elm Capital in the first quarter worth $64,000. Stilwell Value LLC bought a new position in shares of Great Elm Capital during the fourth quarter valued at $141,000. Two Sigma Investments LP bought a new position in shares of Great Elm Capital during the fourth quarter valued at $155,000. Acadian Asset Management LLC lifted its holdings in shares of Great Elm Capital by 30.1% during the fourth quarter. Acadian Asset Management LLC now owns 21,968 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 5,083 shares during the period. Finally, B. Riley Financial Inc. bought a new position in shares of Great Elm Capital during the fourth quarter valued at $261,000. 13.12% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at

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.

Further Reading: The mechanics of the bid-ask spread in trading

Earnings History for Great Elm Capital (NASDAQ:GECC)

Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit