Great Elm Capital Group (NASDAQ:GECC) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Great Elm Capital Group (NASDAQ:GECC) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Great Elm Capital Group currently has a consensus rating of “Sell”.

Great Elm Capital Group Stock Down 0.4%

GECC stock opened at $5.00 on Wednesday. Great Elm Capital Group has a fifty-two week low of $4.63 and a fifty-two week high of $8.14. The business’s fifty day moving average price is $5.29 and its two-hundred day moving average price is $5.64. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $69.45 million, a price-to-earnings ratio of -3.42 and a beta of 0.85.

Great Elm Capital Group (NASDAQ:GECC) last issued its quarterly earnings results on Monday, November 2nd. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Great Elm Capital Group had a positive return on equity of 14.75% and a negative net margin of 49.20%. The company had revenue of $8.69 million during the quarter, compared to analysts’ expectations of $9.59 million. On average, equities analysts anticipate that Great Elm Capital Group will post 1.04 earnings per share for the current year.

Great Elm Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 20.0%. The ex-dividend date is Tuesday, December 15th. Great Elm Capital Group’s payout ratio is currently -68.49%.

Hedge Funds Weigh In On Great Elm Capital Group

A hedge fund recently bought a new position in Great Elm Capital Group stock. Rangeley Capital LLC bought a new position in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $50,000. Rangeley Capital LLC owned about 0.07% of Great Elm Capital Group as of its most recent SEC filing. Institutional investors own 38.75% of the company’s stock.

About Great Elm Capital Group

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.