Great Elm Capital Group, Inc. to Issue Quarterly Dividend of $0.37 (NASDAQ:GECC)

by · The Cerbat Gem

Great Elm Capital Group, Inc. (NASDAQ:GECC – Get Free Report) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Monday, December 15th will be given a dividend of 0.37 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 19.5%. The ex-dividend date of this dividend is Monday, December 15th.

Great Elm Capital Group has decreased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 2 years. Great Elm Capital Group has a payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Great Elm Capital Group to earn $1.41 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 105.0%.

Great Elm Capital Group Stock Performance

NASDAQ:GECC traded up $0.13 during midday trading on Wednesday, reaching $7.60. The stock had a trading volume of 29,208 shares, compared to its average volume of 69,214. Great Elm Capital Group has a 1-year low of $7.18 and a 1-year high of $11.45. The firm’s fifty day simple moving average is $9.49 and its 200-day simple moving average is $10.30. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $87.87 million, a P/E ratio of 4.86 and a beta of 0.90.

Great Elm Capital Group (NASDAQ:GECC – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $7.58 million during the quarter, compared to analyst estimates of $10.48 million. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%. On average, equities research analysts forecast that Great Elm Capital Group will post 1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GECC has been the subject of a number of analyst reports. Capital One Financial set a $11.00 price objective on shares of Great Elm Capital Group in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Great Elm Capital Group in a report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Great Elm Capital Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.00.

Check Out Our Latest Stock Report on Great Elm Capital Group

Great Elm Capital Group Company Profile

(Get Free Report)

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.

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