Great Elm Capital (NASDAQ:GECC) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02), MarketWatch Earnings reports. Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%.
Shares of GECC opened at $8.07 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.60. Great Elm Capital has a 52-week low of $7.47 and a 52-week high of $10.07. The firm has a market capitalization of $87.67 million, a price-to-earnings ratio of 5.31 and a beta of 0.81.
The firm also recently disclosed a monthly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were given a $0.083 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $1.00 annualized dividend and a yield of 12.34%. Great Elm Capital’s payout ratio is 65.79%.
In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 7,100 shares of Great Elm Capital stock in a transaction on Friday, January 11th. The stock was sold at an average price of $7.95, for a total value of $56,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 451,389 shares of company stock valued at $3,674,324. Corporate insiders own 0.27% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in shares of Great Elm Capital by 103.3% during the third quarter. Acadian Asset Management LLC now owns 16,885 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 8,578 shares during the last quarter. Stilwell Value LLC bought a new stake in shares of Great Elm Capital during the fourth quarter worth $141,000. Two Sigma Investments LP bought a new stake in shares of Great Elm Capital during the fourth quarter worth $155,000. B. Riley Financial Inc. bought a new stake in shares of Great Elm Capital during the fourth quarter worth $261,000. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Great Elm Capital during the fourth quarter worth $365,000. Institutional investors own 13.01% of the company’s stock.
About Great Elm Capital
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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