Great Elm Capital (NASDAQ:GECC) Shares Up 1.1%

Shares of Great Elm Capital Corp. (NASDAQ:GECC – Get Rating) shot up 1.1% during trading on Tuesday . The stock traded as high as $8.86 and last traded at $8.85. 10,930 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 18,060 shares. The stock had previously closed at $8.75.

Great Elm Capital Trading Up 1.1 %

The firm has a 50 day moving average of $9.14 and a 200 day moving average of $10.35. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.50.

Great Elm Capital (NASDAQ:GECC – Get Rating) last posted its earnings results on Thursday, November 3rd. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10). Great Elm Capital had a negative return on equity of 16.59% and a negative net margin of 129.91%. The business had revenue of $6.03 million during the quarter, compared to analysts’ expectations of $6.52 million. On average, analysts predict that Great Elm Capital Corp. will post 1.81 earnings per share for the current year.

Great Elm Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 20.34%. The ex-dividend date of this dividend was Wednesday, December 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada bought a new position in shares of Great Elm Capital in the first quarter worth approximately $31,000. UBS Group AG grew its position in Great Elm Capital by 111.1% during the third quarter. UBS Group AG now owns 3,631 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,911 shares during the last quarter. CSS LLC IL bought a new position in Great Elm Capital during the second quarter valued at approximately $193,000. Millennium Management LLC bought a new position in Great Elm Capital during the second quarter valued at approximately $214,000. Finally, Latigo Investments LLC bought a new position in Great Elm Capital during the third quarter valued at approximately $7,426,000. 41.94% of the stock is currently owned by institutional investors.

About Great Elm Capital

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Great Elm Capital is an externally-managed business development company that invests in the debt instruments of middle-market companies. The company seeks to generate current income and capital appreciation through debt and equity investments and invests primarily in senior secured and senior unsecured debt instruments, as well as in junior loans and mezzanine debt of middle-market companies and small businesses.