Great Elm Capital Group (NASDAQ:GECC) Releases Earnings Results, Misses Expectations By $2.06 EPS

Great Elm Capital Group (NASDAQ:GECC) announced its earnings results on Monday. The financial services provider reported ($1.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($2.06), FiscalAI reports. Great Elm Capital Group had a positive return on equity of 10.97% and a negative net margin of 17.08%.The company had revenue of ($39.96) million for the quarter, compared to analyst estimates of $13.16 million.

Great Elm Capital Group Stock Down 0.5%

GECC stock traded down $0.03 during midday trading on Monday, reaching $6.23. The company had a trading volume of 57,239 shares, compared to its average volume of 59,538. The company has a 50 day moving average of $6.84 and a two-hundred day moving average of $8.22. The company has a market capitalization of $87.21 million, a P/E ratio of -11.13 and a beta of 0.62. Great Elm Capital Group has a 1 year low of $6.07 and a 1 year high of $11.45. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.43.

Hedge Funds Weigh In On Great Elm Capital Group

A number of hedge funds have recently added to or reduced their stakes in GECC. Papamarkou Wellner Asset Management inc. grew its position in Great Elm Capital Group by 54.9% in the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 10,700 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in Great Elm Capital Group during the third quarter worth $145,000. Virtu Financial LLC acquired a new stake in shares of Great Elm Capital Group in the third quarter worth about $160,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Great Elm Capital Group during the 3rd quarter worth about $169,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Great Elm Capital Group during the 3rd quarter valued at about $306,000. Institutional investors and hedge funds own 38.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on GECC shares. Zacks Research raised shares of Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Great Elm Capital Group in a report on Monday, December 29th. Finally, Janney Montgomery Scott reduced their price target on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $10.50.

About Great Elm Capital Group

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.