Analysts Anticipate Great Elm Capital Corp. (NASDAQ:GECC) Will Post Earnings of $0.60 Per Share

Wall Street brokerages expect that Great Elm Capital Corp. (NASDAQ:GECCGet Rating) will report $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Great Elm Capital’s earnings. Great Elm Capital posted earnings of $0.54 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Great Elm Capital will report full year earnings of $2.04 per share for the current year, with EPS estimates ranging from $1.67 to $2.40. For the next financial year, analysts expect that the firm will post earnings of $1.54 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Great Elm Capital.

Several research firms recently weighed in on GECC. Zacks Investment Research upgraded Great Elm Capital from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday. TheStreet cut Great Elm Capital from a “c-” rating to a “d” rating in a research note on Wednesday, April 6th.

Shares of GECC stock opened at $12.60 on Wednesday. Great Elm Capital has a fifty-two week low of $12.60 and a fifty-two week high of $23.10. The business’s 50 day moving average price is $14.51 and its 200-day moving average price is $17.37. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 2.05.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 23rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 14.29%. The ex-dividend date of this dividend is Wednesday, June 22nd.

Several large investors have recently bought and sold shares of GECC. Morgan Stanley increased its holdings in Great Elm Capital by 51.1% during the 2nd quarter. Morgan Stanley now owns 419,711 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 141,970 shares during the period. Acadian Asset Management LLC grew its stake in Great Elm Capital by 60.1% during the 4th quarter. Acadian Asset Management LLC now owns 50,354 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 18,903 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at $33,000. Susquehanna International Group LLP purchased a new stake in shares of Great Elm Capital in the fourth quarter worth about $55,000. Finally, Meros Investment Management LP acquired a new stake in shares of Great Elm Capital during the 4th quarter worth approximately $769,000. 71.76% of the stock is owned by institutional investors and hedge funds.

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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