Great Elm Capital Group (NASDAQ:GECC) Upgraded at Zacks Research

Zacks Research upgraded shares of Great Elm Capital Group (NASDAQ:GECC) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on GECC. Janney Montgomery Scott decreased their target price on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Capital One Financial set a $11.00 price objective on Great Elm Capital Group in a research report on Tuesday, September 30th. Wall Street Zen lowered Great Elm Capital Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Great Elm Capital Group in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Great Elm Capital Group has a consensus rating of “Reduce” and a consensus target price of $10.50.

Great Elm Capital Group Trading Up 1.6%

GECC opened at $6.96 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.43. Great Elm Capital Group has a 52 week low of $6.61 and a 52 week high of $11.45. The business’s 50 day moving average is $7.38 and its two-hundred day moving average is $9.27. The firm has a market cap of $97.43 million, a price-to-earnings ratio of -12.43 and a beta of 0.64.

Great Elm Capital Group (NASDAQ:GECC) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Great Elm Capital Group had a positive return on equity of 10.97% and a negative net margin of 17.08%.The business had revenue of $7.58 million for the quarter, compared to analysts’ expectations of $10.48 million. On average, research analysts predict that Great Elm Capital Group will post 1.43 EPS for the current year.

Great Elm Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.37 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 21.3%. Great Elm Capital Group’s payout ratio is -264.29%.

Insider Transactions at Great Elm Capital Group

In other Great Elm Capital Group news, CEO Matthew D. Kaplan bought 19,650 shares of Great Elm Capital Group stock in a transaction on Friday, November 7th. The stock was bought at an average price of $7.64 per share, with a total value of $150,126.00. Following the completion of the acquisition, the chief executive officer owned 142,400 shares in the company, valued at $1,087,936. The trade was a 16.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Great Elm Capital Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC purchased a new position in shares of Great Elm Capital Group in the 3rd quarter valued at about $145,000. Schonfeld Strategic Advisors LLC acquired a new position in Great Elm Capital Group during the third quarter worth about $169,000. Virtu Financial LLC purchased a new position in Great Elm Capital Group in the third quarter valued at about $160,000. Squarepoint Ops LLC purchased a new position in Great Elm Capital Group in the third quarter valued at about $306,000. Finally, Crestwood Advisors Group LLC lifted its position in shares of Great Elm Capital Group by 95.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 11,956 shares during the period. 38.75% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.