Great Elm Capital (NASDAQ:GECC) Lowered to “Hold” at Zacks Investment Research

Great Elm Capital (NASDAQ:GECCGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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 lowered Great Elm Capital from a “c-” rating to a “d” rating in a report on Wednesday, April 6th.

Great Elm Capital stock traded up $0.10 during mid-day trading on Wednesday, reaching $12.50. 19,424 shares of the company’s stock were exchanged, compared to its average volume of 20,413. The business’s fifty day simple moving average is $14.24 and its 200 day simple moving average is $17.05. The firm has a market capitalization of $57.51 million, a PE ratio of 7.35 and a beta of 1.71. Great Elm Capital has a one year low of $12.28 and a one year high of $23.10. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 2.05.

A number of large investors have recently added to or reduced their stakes in GECC. Royal Bank of Canada purchased a new stake in Great Elm Capital in the first quarter worth $31,000. Citadel Advisors LLC purchased a new position in shares of Great Elm Capital in the fourth quarter valued at $33,000. Virtu Financial LLC purchased a new position in shares of Great Elm Capital in the fourth quarter valued at $50,000. Susquehanna International Group LLP purchased a new position in shares of Great Elm Capital in the fourth quarter valued at $55,000. Finally, Acadian Asset Management LLC grew its position in Great Elm Capital by 60.1% during the fourth quarter. Acadian Asset Management LLC now owns 50,354 shares of the financial services provider’s stock worth $154,000 after buying an additional 18,903 shares in the last quarter. 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.

Featured Stories

Get a free copy of the Zacks research report on Great Elm Capital (GECC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with MarketBeat.com's FREE daily email newsletter.