GRT Capital Partners L.L.C. Purchases New Position in Great Elm Cap C (GECC)
GRT Capital Partners L.L.C. purchased a new position in shares of Great Elm Cap C (NASDAQ:GECC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,326 shares of the financial services provider’s stock, valued at approximately $237,000.
Separately, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Great Elm Cap C by 1.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 8.90% of the company’s stock.
Great Elm Cap C (NASDAQ GECC) opened at 10.65 on Friday. Great Elm Cap C has a 1-year low of $10.61 and a 1-year high of $11.82. The company’s 50 day moving average is $10.91 and its 200-day moving average is $11.08.
Great Elm Cap C (NASDAQ:GECC) last announced its quarterly earnings results on Monday, August 14th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. The firm had revenue of $6.24 million for the quarter, compared to analysts’ expectations of $5.20 million.
The company also recently declared a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date of this dividend is Thursday, December 28th.
Several research analysts have recently weighed in on GECC shares. Oppenheimer Holdings, Inc. initiated coverage on shares of Great Elm Cap C in a research note on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price target on the stock. CIBC initiated coverage on shares of Great Elm Cap C in a research note on Wednesday, June 28th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Great Elm Cap C from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, August 30th.
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