Great Elm Capital Group (NASDAQ:GECC) Rating Increased to Buy at Wall Street Zen

Great Elm Capital Group (NASDAQ:GECC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Great Elm Capital Group Price Performance

GECC opened at $10.95 on Friday. The company has a 50-day moving average of $10.84 and a 200-day moving average of $10.58. The company has a market capitalization of $126.69 million, a P/E ratio of 7.02 and a beta of 1.08. Great Elm Capital Group has a 1-year low of $8.87 and a 1-year high of $11.39. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.52 and a current ratio of 0.08.

Great Elm Capital Group (NASDAQ:GECC) last released its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. The company had revenue of $14.28 million during the quarter, compared to the consensus estimate of $13.25 million. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. Equities analysts expect that Great Elm Capital Group will post 1.43 EPS for the current fiscal year.

Insider Buying and Selling at Great Elm Capital Group

In related news, Director Richard M. Cohen bought 3,100 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $10.95 per share, with a total value of $33,945.00. Following the transaction, the director owned 18,100 shares of the company’s stock, valued at approximately $198,195. This trade represents a 20.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have bought 19,950 shares of company stock valued at $219,163. 8.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Great Elm Capital Group

A number of institutional investors have recently modified their holdings of GECC. Two Sigma Securities LLC bought a new stake in shares of Great Elm Capital Group during the 4th quarter valued at about $129,000. Northern Right Capital Management L.P. grew its position in shares of Great Elm Capital Group by 29.7% during the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock valued at $11,384,000 after buying an additional 237,367 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Great Elm Capital Group during the 4th quarter valued at about $187,000. Ethos Financial Group LLC bought a new stake in shares of Great Elm Capital Group during the 1st quarter valued at about $268,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Great Elm Capital Group during the 2nd quarter valued at about $41,000. Institutional investors own 38.75% of the company’s stock.

About Great Elm Capital Group

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.