Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Trading Up 0% – Time to Buy?

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) was up 0% during mid-day trading on Monday . The stock traded as high as $25.04 and last traded at $24.97. Approximately 2,355 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 4,775 shares. The stock had previously closed at $24.96.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

The firm’s 50-day moving average price is $25.26 and its 200 day moving average price is $25.35.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.5253 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 8.4%.

Institutional Trading of Great Elm Capital Corp. 8.50% NOTES DUE 2029

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.