Great Elm Capital (NASDAQ:GECC) declared a monthly dividend on Thursday, November 2nd, NASDAQ reports. Investors of record on Friday, March 30th will be paid a dividend of 0.083 per share by the financial services provider on Monday, April 16th. This represents a $1.00 annualized dividend and a yield of 10.87%. The ex-dividend date of this dividend is Thursday, March 29th.
GECC stock opened at $9.16 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.11 and a quick ratio of 0.11. Great Elm Capital has a 52 week low of $8.76 and a 52 week high of $11.67. The company has a market cap of $98.54, a P/E ratio of -39.83 and a beta of 0.47.
Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings results on Monday, March 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.31. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.93%. The firm had revenue of $9.71 million during the quarter, compared to analysts’ expectations of $6.02 million. equities analysts expect that Great Elm Capital will post 1.04 earnings per share for the current year.
GECC has been the subject of several recent research reports. Zacks Investment Research cut shares of Great Elm Capital from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine cut shares of Great Elm Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Ladenburg Thalmann Financial Services initiated coverage on shares of Great Elm Capital in a research report on Thursday, March 15th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Great Elm Capital has a consensus rating of “Hold” and a consensus target price of $12.50.
About Great Elm Capital
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with MarketBeat.com's FREE daily email newsletter.