Great Elm Capital Group (NASDAQ:GECC) Shares Cross Below 50-Day Moving Average – Here’s Why

Great Elm Capital Group, Inc. (NASDAQ:GECC) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.56 and traded as low as $5.10. Great Elm Capital Group shares last traded at $5.17, with a volume of 41,437 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GECC shares. Zacks Research cut Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Thursday, June 4th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Great Elm Capital Group presently has a consensus rating of “Reduce” and a consensus target price of $10.50.

Great Elm Capital Group Stock Up 0.6%

The firm has a market cap of $71.81 million, a PE ratio of -2.16 and a beta of 0.77. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $5.56 and its two-hundred day simple moving average is $5.79.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of ($1.91) million for the quarter, compared to analysts’ expectations of $10.74 million. Great Elm Capital Group had a negative net margin of 70.13% and a positive return on equity of 14.16%. On average, analysts predict that Great Elm Capital Group, Inc. will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Great Elm Capital Group

Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its position in shares of Great Elm Capital Group by 247.9% in the 4th quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock worth $747,000 after buying an additional 75,588 shares during the last quarter. Granby Capital Management LLC bought a new position in shares of Great Elm Capital Group during the fourth quarter valued at approximately $352,000. Jane Street Group LLC bought a new position in shares of Great Elm Capital Group during the fourth quarter valued at approximately $220,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Great Elm Capital Group during the third quarter valued at approximately $169,000. Finally, Virtu Financial LLC purchased a new stake in Great Elm Capital Group in the third quarter worth $160,000. 38.75% of the stock is owned by institutional investors.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.