Wall Street analysts forecast that Great Elm Capital Corp (NASDAQ:GECC) will post $6.57 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Great Elm Capital’s earnings. The lowest sales estimate is $6.55 million and the highest is $6.60 million. Great Elm Capital reported sales of $9.71 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 32.3%. The company is expected to report its next quarterly earnings report on Monday, March 11th.
According to Zacks, analysts expect that Great Elm Capital will report full year sales of $27.44 million for the current year, with estimates ranging from $27.39 million to $27.50 million. For the next fiscal year, analysts forecast that the business will post sales of $26.30 million, with estimates ranging from $26.19 million to $26.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Great Elm Capital.
Separately, Zacks Investment Research raised shares of Great Elm Capital from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Monday, February 4th.
Several large investors have recently bought and sold shares of GECC. OTA Financial Group L.P. acquired a new position in shares of Great Elm Capital during the 4th quarter worth $992,000. Quantum Capital Management grew its stake in shares of Great Elm Capital by 68.9% during the 4th quarter. Quantum Capital Management now owns 293,814 shares of the financial services provider’s stock worth $2,306,000 after purchasing an additional 119,894 shares during the period. Monarch Partners Asset Management LLC acquired a new position in shares of Great Elm Capital during the 4th quarter worth $365,000. B. Riley Financial Inc. acquired a new position in shares of Great Elm Capital during the 4th quarter worth $261,000. Finally, Two Sigma Investments LP acquired a new position in shares of Great Elm Capital during the 4th quarter worth $155,000. 8.60% of the stock is currently owned by institutional investors and hedge funds.
Great Elm Capital stock traded down $0.07 during trading hours on Friday, reaching $8.14. 55,437 shares of the stock were exchanged, compared to its average volume of 48,503. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. Great Elm Capital has a 52-week low of $7.47 and a 52-week high of $10.07. The company has a market cap of $90.54 million, a P/E ratio of 5.36 and a beta of 0.78.
The business also recently declared a monthly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were paid a dividend of $0.083 per share. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.24%. Great Elm Capital’s dividend payout ratio (DPR) is presently 65.79%.
Great Elm Capital Company Profile
Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.
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