Great Elm Capital Group (NASDAQ:GECC) Posts Earnings Results, Misses Estimates By $0.01 EPS

Great Elm Capital Group (NASDAQ:GECC) announced its quarterly earnings results on Monday. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. The business had revenue of ($39.96) million during the quarter, compared to analysts’ expectations of $13.16 million. Great Elm Capital Group had a positive return on equity of 10.97% and a negative net margin of 17.08%.

Great Elm Capital Group Price Performance

Shares of GECC opened at $6.23 on Tuesday. Great Elm Capital Group has a fifty-two week low of $6.07 and a fifty-two week high of $11.45. The firm’s 50-day simple moving average is $6.83 and its two-hundred day simple moving average is $8.18. The stock has a market cap of $87.22 million, a PE ratio of -11.13 and a beta of 0.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.07 and a current ratio of 0.07.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GECC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Great Elm Capital Group in a research report on Monday, December 29th. Zacks Research raised Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Janney Montgomery Scott decreased their target price on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $10.50.

Institutional Trading of Great Elm Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC purchased a new position in Great Elm Capital Group during the third quarter valued at $145,000. Virtu Financial LLC purchased a new stake in shares of Great Elm Capital Group in the third quarter worth $160,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Great Elm Capital Group during the third quarter valued at $169,000. Papamarkou Wellner Asset Management inc. raised its position in shares of Great Elm Capital Group by 54.9% in the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Great Elm Capital Group in the 3rd quarter worth about $306,000. Hedge funds and other institutional investors own 38.75% of the company’s stock.

About Great Elm Capital Group

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.