Great Elm Capital Group (NASDAQ:GECC) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Great Elm Capital Group (NASDAQ:GECC – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Great Elm Capital Group Price Performance

Shares of GECC opened at $11.25 on Friday. The company has a market capitalization of $130.16 million, a price-to-earnings ratio of 7.21 and a beta of 1.08. Great Elm Capital Group has a fifty-two week low of $8.87 and a fifty-two week high of $11.39. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.08 and a quick ratio of 0.08. The business’s 50-day moving average is $10.98 and its 200-day moving average is $10.63.

Great Elm Capital Group (NASDAQ:GECC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%.The company had revenue of $14.28 million during the quarter, compared to the consensus estimate of $13.25 million. Equities research analysts expect that Great Elm Capital Group will post 1.43 EPS for the current fiscal year.

Great Elm Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 annualized dividend and a yield of 13.2%. Great Elm Capital Group’s payout ratio is currently 94.87%.

Insider Transactions at Great Elm Capital Group

In other Great Elm Capital Group news, Director Richard M. Cohen acquired 5,000 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was purchased at an average price of $11.18 per share, for a total transaction of $55,900.00. Following the transaction, the director owned 15,000 shares in the company, valued at $167,700. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 19,950 shares of company stock valued at $219,163. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Great Elm Capital Group

A number of institutional investors and hedge funds have recently made changes to their positions in GECC. Trust Co. of Toledo NA OH acquired a new position in Great Elm Capital Group in the second quarter valued at about $41,000. Ethos Financial Group LLC acquired a new position in Great Elm Capital Group in the first quarter valued at about $268,000. Finally, Northern Trust Corp acquired a new position in Great Elm Capital Group in the fourth quarter valued at about $187,000. Institutional investors own 38.75% of the company’s stock.

Great Elm Capital Group Company Profile

(Get Free Report)

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.

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