Great Elm Capital Corp (NASDAQ:GECC) Announces $0.08 Monthly Dividend

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Great Elm Capital Corp (NASDAQ:GECC) announced a monthly dividend on Monday, December 9th, Wall Street Journal reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.083 per share by the financial services provider on Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 12.62%. The ex-dividend date is Thursday, January 30th.

Shares of GECC stock traded down $0.02 during trading hours on Monday, reaching $7.89. The company had a trading volume of 17,924 shares, compared to its average volume of 69,273. The company has a market cap of $79.60 million, a price-to-earnings ratio of 5.48 and a beta of 0.70. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.08 and a quick ratio of 0.08. Great Elm Capital has a 12 month low of $7.47 and a 12 month high of $9.05. The business has a fifty day simple moving average of $8.15 and a 200-day simple moving average of $8.44.

Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings results on Thursday, November 14th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $7.00 million during the quarter, compared to the consensus estimate of $6.99 million. Great Elm Capital had a positive return on equity of 10.59% and a negative net margin of 68.41%. On average, equities research analysts expect that Great Elm Capital will post 1.07 earnings per share for the current year.

A number of research firms have recently commented on GECC. Zacks Investment Research cut Great Elm Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. ValuEngine upgraded shares of Great Elm Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

In related news, Director Michael C. Speller purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $7.80 per share, for a total transaction of $39,000.00. Following the purchase, the director now directly owns 16,000 shares in the company, valued at approximately $124,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam M. Kleinman purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $7.90 per share, for a total transaction of $59,250.00. Following the acquisition, the insider now directly owns 33,219 shares in the company, valued at approximately $262,430.10. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

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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Dividend History for Great Elm Capital (NASDAQ:GECC)

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