Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

by · The Cerbat Gem

Great Elm Capital Corp. (NASDAQ:GECC – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 30,000 shares, a decrease of 22.3% from the March 15th total of 38,600 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is currently 1.4 days.

Great Elm Capital Stock Down 1.1 %

NASDAQ GECC traded down $0.11 during midday trading on Monday, hitting $10.13. 8,665 shares of the company traded hands, compared to its average volume of 22,168. The company has a market cap of $116.94 million, a PE ratio of 14.68 and a beta of 1.18. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. Great Elm Capital has a 52 week low of $8.87 and a 52 week high of $11.39. The company’s 50-day simple moving average is $10.39 and its 200-day simple moving average is $10.35.

Great Elm Capital (NASDAQ:GECC – Get Free Report) last announced its earnings results on Monday, March 10th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. The firm had revenue of $9.10 million during the quarter, compared to the consensus estimate of $11.46 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, equities research analysts forecast that Great Elm Capital will post 1.43 earnings per share for the current year.

Great Elm Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 14.61%. This is an increase from Great Elm Capital’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 17th. Great Elm Capital’s dividend payout ratio (DPR) is 477.42%.

Institutional Trading of Great Elm Capital

Several hedge funds and other institutional investors have recently made changes to their positions in GECC. Two Sigma Securities LLC purchased a new stake in Great Elm Capital in the fourth quarter valued at about $129,000. Virtu Financial LLC acquired a new stake in Great Elm Capital during the 4th quarter valued at approximately $176,000. Northern Trust Corp acquired a new stake in Great Elm Capital during the 4th quarter worth about $187,000. Finally, Northern Right Capital Management L.P. raised its position in Great Elm Capital by 29.7% during the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock valued at $11,384,000 after acquiring an additional 237,367 shares in the last quarter. Hedge funds and other institutional investors own 38.75% of the company’s stock.

About Great Elm Capital

(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.

Recommended Stories