Great Elm Capital Group (NASDAQ:GECC) Stock Rating Lowered by Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on GECC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Great Elm Capital Group in a report on Monday, December 29th. Janney Montgomery Scott cut their price target on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Clear Str lowered Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $10.50.

Great Elm Capital Group Stock Down 2.9%

Shares of Great Elm Capital Group stock opened at $5.70 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.24 and a quick ratio of 0.07. The company has a 50-day moving average of $6.75 and a 200 day moving average of $8.08. The firm has a market cap of $79.80 million, a price-to-earnings ratio of -2.48 and a beta of 0.64. Great Elm Capital Group has a 1 year low of $5.64 and a 1 year high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last posted its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of ($39.96) million for the quarter, compared to the consensus estimate of $13.16 million. Great Elm Capital Group had a positive return on equity of 13.19% and a negative net margin of 63.59%. As a group, sell-side analysts anticipate that Great Elm Capital Group will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC increased its holdings in Great Elm Capital Group by 247.9% in the 4th quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock worth $747,000 after acquiring an additional 75,588 shares in the last quarter. Granby Capital Management LLC bought a new position in shares of Great Elm Capital Group in the fourth quarter worth approximately $352,000. Jane Street Group LLC purchased a new stake in shares of Great Elm Capital Group in the fourth quarter worth $220,000. TrueMark Investments LLC purchased a new stake in shares of Great Elm Capital Group in the fourth quarter worth $148,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Great Elm Capital Group during the 3rd quarter valued at $169,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital Group Company Profile

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.