Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECCGet Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 11,700 shares, an increase of 39.3% from the April 30th total of 8,400 shares. Based on an average daily trading volume, of 17,500 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Great Elm Capital Price Performance

NASDAQ:GECC opened at $10.23 on Thursday. The stock has a 50 day moving average of $10.38 and a two-hundred day moving average of $10.53. Great Elm Capital has a 12 month low of $7.51 and a 12 month high of $11.82. The firm has a market cap of $96.69 million, a P/E ratio of 4.65 and a beta of 1.53. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.22.

Great Elm Capital (NASDAQ:GECCGet Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). The business had revenue of $8.91 million for the quarter, compared to analyst estimates of $9.14 million. Great Elm Capital had a return on equity of 12.63% and a net margin of 46.02%. On average, analysts expect that Great Elm Capital will post 1.5 earnings per share for the current fiscal year.

Great Elm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.40 dividend on an annualized basis and a yield of 13.69%. Great Elm Capital’s payout ratio is 63.64%.

Institutional Trading of Great Elm Capital

Several large investors have recently added to or reduced their stakes in GECC. Cruiser Capital Advisors LLC grew its holdings in shares of Great Elm Capital by 28.8% during the 1st quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 21,422 shares during the period. Acadian Asset Management LLC boosted its position in shares of Great Elm Capital by 99.8% during the third quarter. Acadian Asset Management LLC now owns 43,785 shares of the financial services provider’s stock worth $430,000 after buying an additional 21,871 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Great Elm Capital by 13.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock valued at $307,000 after buying an additional 3,214 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at $127,000. 38.75% of the stock is currently owned by hedge funds and other institutional investors.

About Great Elm Capital

(Get Free Report)

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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