GREAT ELM CAP C (GECC) Plans $0.08 Monthly Dividend
GREAT ELM CAP C (NASDAQ:GECC) declared a monthly dividend on Tuesday, May 16th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.083 per share by the financial services provider on Monday, October 16th. This represents a $1.00 annualized dividend and a dividend yield of 9.41%. The ex-dividend date of this dividend is Thursday, September 28th.
GREAT ELM CAP C (NASDAQ GECC) traded up 0.09% during midday trading on Friday, hitting $10.58. The stock had a trading volume of 11,376 shares. GREAT ELM CAP C has a 52-week low of $10.55 and a 52-week high of $11.82. The firm has a 50-day moving average of $10.83 and a 200 day moving average of $10.83.
GREAT ELM CAP C (NASDAQ:GECC) last issued its quarterly earnings data on Monday, August 14th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $6.24 million during the quarter, compared to analyst estimates of $5.20 million.
Several analysts recently issued reports on the stock. CIBC assumed 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 objective for the company. Zacks Investment Research raised shares of GREAT ELM CAP C from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. assumed 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 objective for the company.
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In other GREAT ELM CAP C news, major shareholder Mast Capital Management, Llc sold 12,761 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $10.78, for a total value of $137,563.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 73,037 shares of company stock worth $779,671 over the last quarter.
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