Great Elm Capital Group (NASDAQ:GECC) Cut to Hold at Clear Str

Clear Str cut shares of Great Elm Capital Group (NASDAQ:GECC) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other analysts have also recently commented on GECC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Great Elm Capital Group in a report on Monday, December 29th. Janney Montgomery Scott dropped their price target on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Zacks Research upgraded shares of Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Three 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 presently has a consensus rating of “Reduce” and an average target price of $10.50.

Great Elm Capital Group Stock Up 2.4%

Shares of NASDAQ GECC opened at $5.87 on Tuesday. The company has a 50 day simple moving average of $6.77 and a 200 day simple moving average of $8.11. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.24 and a quick ratio of 0.07. Great Elm Capital Group has a 1 year low of $5.64 and a 1 year high of $11.45. The firm has a market cap of $82.18 million, a PE ratio of -2.55 and a beta of 0.64.

Great Elm Capital Group (NASDAQ:GECC) last posted its earnings results on Monday, March 2nd. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of ($39.96) million for the quarter, compared to the consensus estimate of $13.16 million. Great Elm Capital Group had a positive return on equity of 13.19% and a negative net margin of 63.59%. On average, research analysts forecast that Great Elm Capital Group will post 1.43 EPS for the current year.

Great Elm Capital Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 16th. Great Elm Capital Group’s dividend payout ratio (DPR) is -64.35%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC acquired a new stake in Great Elm Capital Group in the third quarter worth $145,000. TrueMark Investments LLC acquired a new position in shares of Great Elm Capital Group during the fourth quarter valued at about $148,000. Virtu Financial LLC bought a new position in shares of Great Elm Capital Group during the 3rd quarter worth about $160,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Great Elm Capital Group in the 3rd quarter valued at about $169,000. Finally, Crestwood Advisors Group LLC grew its stake in shares of Great Elm Capital Group by 8.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock valued at $188,000 after buying an additional 2,151 shares during the period. Institutional investors and hedge funds own 38.75% of the company’s stock.

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.