Matthew A. Drapkin Acquires 7,336 Shares of Great Elm Capital Corp. (NASDAQ:GECC) Stock

Great Elm Capital Corp. (NASDAQ:GECCGet Rating) Director Matthew A. Drapkin purchased 7,336 shares of Great Elm Capital stock in a transaction that occurred on Wednesday, May 25th. The stock was purchased at an average cost of $12.41 per share, for a total transaction of $91,039.76. Following the completion of the purchase, the director now owns 136,399 shares of the company’s stock, valued at $1,692,711.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Great Elm Capital stock traded up $0.03 during mid-day trading on Friday, hitting $12.48. The company had a trading volume of 15,262 shares, compared to its average volume of 20,304. 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 stock’s 50 day moving average price is $14.20 and its two-hundred day moving average price is $16.99. Great Elm Capital Corp. has a 12 month low of $12.28 and a 12 month high of $23.10. The company has a market capitalization of $57.42 million, a PE ratio of 7.35 and a beta of 1.71.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 23rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 14.42%. The ex-dividend date of this dividend is Wednesday, June 22nd.

Several equities research analysts have commented on GECC shares. Zacks Investment Research raised Great Elm Capital from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday. TheStreet downgraded Great Elm Capital from a “c-” rating to a “d” rating in a report on Wednesday, April 6th.

Several large investors have recently made changes to their positions in GECC. Royal Bank of Canada bought a new position in shares of Great Elm Capital during the first quarter valued at $31,000. Citadel Advisors LLC bought a new position in shares of Great Elm Capital during the fourth quarter valued at $33,000. Virtu Financial LLC bought a new position in shares of Great Elm Capital during the fourth quarter valued at $50,000. Susquehanna International Group LLP bought a new position in shares of Great Elm Capital during the fourth quarter valued at $55,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of 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 valued at $154,000 after purchasing an additional 18,903 shares in the last quarter. 71.76% of the stock is currently owned by hedge funds and other institutional investors.

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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