Great Elm Capital Group (NASDAQ:GECC) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Great Elm Capital Group (NASDAQ:GECC) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Great Elm Capital Group in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Great Elm Capital Group presently has an average rating of “Sell”.

Great Elm Capital Group Trading Down 1.8%

NASDAQ GECC opened at $5.02 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.61 and a quick ratio of 0.93. The firm’s fifty day moving average price is $5.31 and its 200 day moving average price is $5.65. The company has a market capitalization of $68.57 million, a price-to-earnings ratio of -3.44 and a beta of 0.85. Great Elm Capital Group has a 12 month low of $4.63 and a 12 month high of $8.14.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings results on Monday, November 2nd. The financial services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Great Elm Capital Group had a positive return on equity of 15.01% and a negative net margin of 49.20%. The company had revenue of $8.69 million for the quarter, compared to analyst estimates of $9.59 million. On average, sell-side analysts expect that Great Elm Capital Group will post 1.04 earnings per share for the current fiscal year.

Great Elm Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 19.9%. The ex-dividend date of this dividend is Tuesday, December 15th. Great Elm Capital Group’s dividend payout ratio is presently -68.49%.

Hedge Funds Weigh In On Great Elm Capital Group

An institutional investor recently bought a new position in Great Elm Capital Group stock. Rangeley Capital LLC purchased a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,000 shares of the financial services provider’s stock, valued at approximately $50,000. Rangeley Capital LLC owned about 0.07% of Great Elm Capital Group at the end of the most recent reporting period. 38.75% of the stock is currently owned by institutional investors and hedge funds.

About Great Elm Capital Group

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.