Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) to Release Quarterly Earnings on Thursday

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) is projected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $13.1480 million for the quarter.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Down 0.1%

Shares of NASDAQ:GECCI traded down $0.02 during trading on Friday, reaching $25.36. The company’s stock had a trading volume of 1,657 shares, compared to its average volume of 5,847. The firm’s 50 day simple moving average is $25.21 and its two-hundred day simple moving average is $25.37. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 12 month low of $24.75 and a 12 month high of $25.72.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.5253 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Great Elm Capital Corp. 8.50% NOTES DUE 2029

An institutional investor recently bought a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. acquired a new position in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.