Great Elm Capital Corp (NASDAQ:GECC) Director Michael C. Speller bought 6,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average cost of $8.12 per share, with a total value of $48,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ GECC traded up $0.11 during trading hours on Wednesday, reaching $8.25. 36,700 shares of the company’s stock were exchanged, compared to its average volume of 42,391. Great Elm Capital Corp has a one year low of $7.76 and a one year high of $10.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $85.75 million, a price-to-earnings ratio of 5.43 and a beta of 1.21.

Great Elm Capital (NASDAQ:GECC) last posted its earnings results on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Great Elm Capital had a return on equity of 14.91% and a net margin of 27.93%. The business had revenue of $6.18 million for the quarter, compared to the consensus estimate of $6.96 million. On average, analysts predict that Great Elm Capital Corp will post 1.45 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantum Capital Management increased its stake in Great Elm Capital by 27.9% during the 3rd quarter. Quantum Capital Management now owns 173,920 shares of the financial services provider’s stock worth $1,687,000 after purchasing an additional 37,932 shares in the last quarter. Morgan Stanley increased its stake in Great Elm Capital by 109.9% during the 3rd quarter. Morgan Stanley now owns 65,660 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 34,385 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Great Elm Capital by 103.3% during the 3rd quarter. Acadian Asset Management LLC now owns 16,885 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 8,578 shares in the last quarter. 6.80% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised Great Elm Capital from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, August 15th.

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About Great Elm Capital

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

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