Great Elm Capital Group (NASDAQ:GECC) Stock Price Up 1.1% – Here’s Why

Great Elm Capital Group, Inc. (NASDAQ:GECC)’s stock price rose 1.1% during mid-day trading on Monday . The stock traded as high as $5.47 and last traded at $5.41. Approximately 47,380 shares traded hands during trading, a decline of 24% from the average daily volume of 62,300 shares. The stock had previously closed at $5.35.

Wall Street Analyst Weigh In

GECC has been the subject of several recent research reports. Clear Str lowered Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Great Elm Capital Group in a report on Monday, December 29th. Finally, Zacks Research lowered Great Elm Capital Group from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $10.50.

Great Elm Capital Group Trading Up 3.4%

The company has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $6.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $76.26 million, a P/E ratio of -2.39 and a beta of 0.67.

Great Elm Capital Group (NASDAQ:GECC) last posted its earnings results on Monday, March 2nd. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Great Elm Capital Group had a negative net margin of 63.59% and a positive return on equity of 13.19%. The company had revenue of ($39.96) million for the quarter, compared to the consensus estimate of $13.16 million. On average, analysts forecast that Great Elm Capital Group, Inc. will post 0.93 earnings per share for the current fiscal year.

Great Elm Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 21.9%. The ex-dividend date was Monday, March 16th. Great Elm Capital Group’s dividend payout ratio (DPR) is -52.17%.

Hedge Funds Weigh In On Great Elm Capital Group

Several institutional investors have recently bought and sold shares of GECC. Rockefeller Capital Management L.P. bought a new position in Great Elm Capital Group during the fourth quarter valued at about $70,000. Kestra Private Wealth Services LLC bought a new position in Great Elm Capital Group during the third quarter valued at about $145,000. TrueMark Investments LLC bought a new position in Great Elm Capital Group during the fourth quarter valued at about $148,000. Virtu Financial LLC bought a new position in Great Elm Capital Group during the third quarter valued at about $160,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Great Elm Capital Group during the third quarter valued at about $169,000. 38.75% of the stock is currently owned by 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.