Zacks Investment Research Upgrades Great Elm Capital (NASDAQ:GECC) to Hold

Great Elm Capital (NASDAQ:GECCGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Great Elm Capital Corp. is a diversified investment company. Its business line consists of investment management, financial products and merchant banking. Great Elm Capital Corp. is based in Baltimore, Maryland. “

Separately, TheStreet downgraded Great Elm Capital from a “c-” rating to a “d” rating in a report on Wednesday, April 6th.

Shares of NASDAQ GECC opened at $14.06 on Wednesday. The stock’s 50-day moving average is $14.65 and its two-hundred day moving average is $17.64. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.07 and a quick ratio of 0.07. Great Elm Capital has a 1-year low of $13.57 and a 1-year high of $23.10. The company has a market cap of $64.69 million, a price-to-earnings ratio of 29.30 and a beta of 1.71.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in Great Elm Capital during the 4th quarter worth about $33,000. Virtu Financial LLC purchased a new position in shares of Great Elm Capital in the 4th quarter valued at about $50,000. Susquehanna International Group LLP purchased a new position in shares of Great Elm Capital in the 4th quarter valued at about $55,000. Acadian Asset Management LLC increased its holdings in shares of Great Elm Capital by 60.1% in the 4th quarter. Acadian Asset Management LLC now owns 50,354 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 18,903 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Great Elm Capital by 51.1% in the 2nd quarter. Morgan Stanley now owns 419,711 shares of the financial services provider’s stock valued at $1,473,000 after acquiring an additional 141,970 shares during the last quarter. Institutional investors own 71.76% of the company’s stock.

Great Elm Capital Company Profile (Get Rating)

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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