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%.
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.
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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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