Great Elm Capital Group (NASDAQ:GECC) Lowered to “Strong Sell” Rating by Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

GECC has been the topic of several other research reports. Clear Str cut shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Janney Montgomery Scott cut their target price on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Great Elm Capital Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $10.50.

Great Elm Capital Group Price Performance

Shares of Great Elm Capital Group stock opened at $5.70 on Thursday. The company has a market capitalization of $79.80 million, a price-to-earnings ratio of -2.48 and a beta of 0.64. The company has a quick ratio of 0.07, a current ratio of 0.24 and a debt-to-equity ratio of 1.68. The stock’s 50-day simple moving average is $6.75 and its 200-day simple moving average is $8.08. Great Elm Capital Group has a 52 week low of $5.64 and a 52 week high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last released its earnings results on Monday, March 2nd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). Great Elm Capital Group had a positive return on equity of 13.19% and a negative net margin of 63.59%.The business had revenue of ($39.96) million for the quarter, compared to analysts’ expectations of $13.16 million. As a group, analysts expect that Great Elm Capital Group will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GECC. Kestra Private Wealth Services LLC purchased a new stake in shares of Great Elm Capital Group in the third quarter valued at $145,000. TrueMark Investments LLC bought a new position in Great Elm Capital Group during the 4th quarter valued at about $148,000. Virtu Financial LLC bought a new position in Great Elm Capital Group during the 3rd quarter valued at about $160,000. Schonfeld Strategic Advisors LLC purchased a new stake in Great Elm Capital Group in the 3rd quarter worth about $169,000. Finally, Crestwood Advisors Group LLC raised its position in Great Elm Capital Group by 8.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 2,151 shares during the period. 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.