Great Elm Capital Group (NASDAQ:GECC) Rating Lowered to Hold at Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Great Elm Capital Group currently has a consensus rating of “Reduce” and an average price target of $10.50.

Great Elm Capital Group Price Performance

GECC opened at $5.21 on Monday. Great Elm Capital Group has a 52-week low of $4.63 and a 52-week high of $11.45. The company has a 50 day moving average of $5.75 and a two-hundred day moving average of $6.02. The company has a market cap of $72.37 million, a P/E ratio of -2.18 and a beta of 0.76. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.57.

Great Elm Capital Group (NASDAQ:GECC) last posted its earnings results on Monday, May 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. Great Elm Capital Group had a negative net margin of 70.13% and a positive return on equity of 14.16%. The business had revenue of ($1.91) million for the quarter, compared to analyst estimates of $10.74 million. On average, analysts expect that Great Elm Capital Group will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Great Elm Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rangeley Capital LLC acquired a new stake in shares of Great Elm Capital Group during the first quarter valued at about $50,000. Rockefeller Capital Management L.P. acquired a new position in shares of Great Elm Capital Group in the fourth quarter worth about $70,000. Kestra Private Wealth Services LLC purchased a new position in Great Elm Capital Group in the third quarter valued at about $145,000. TrueMark Investments LLC purchased a new position in Great Elm Capital Group in the fourth quarter valued at about $148,000. Finally, Virtu Financial LLC acquired a new stake in Great Elm Capital Group during the 3rd quarter valued at approximately $160,000. 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.