Matthew Kaplan Purchases 19,650 Shares of Great Elm Capital Group (NASDAQ:GECC) Stock

Great Elm Capital Group, Inc. (NASDAQ:GECC) CEO Matthew Kaplan acquired 19,650 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $7.64 per share, with a total value of $150,126.00. Following the purchase, the chief executive officer directly owned 142,400 shares of the company’s stock, valued at $1,087,936. This represents a 16.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Great Elm Capital Group Stock Performance

Shares of Great Elm Capital Group stock traded up $0.10 on Monday, hitting $7.84. The stock had a trading volume of 263,053 shares, compared to its average volume of 70,395. The stock has a market cap of $109.76 million, a price-to-earnings ratio of -14.00 and a beta of 0.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.43. Great Elm Capital Group, Inc. has a 52-week low of $7.18 and a 52-week high of $11.45. The company’s 50 day moving average price is $9.27 and its 200 day moving average price is $10.25.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The firm had revenue of $7.58 million for the quarter, compared to analysts’ expectations of $10.48 million. Great Elm Capital Group had a positive return on equity of 10.97% and a negative net margin of 17.08%. On average, research analysts anticipate that Great Elm Capital Group, Inc. will post 1.43 EPS for the current year.

Great Elm Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 18.9%. The ex-dividend date of this dividend is Monday, December 15th. Great Elm Capital Group’s payout ratio is presently -264.29%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Great Elm Capital Group from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Capital One Financial set a $11.00 price target on Great Elm Capital Group in a research report on Tuesday, September 30th. Janney Montgomery Scott dropped their target price on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Great Elm Capital Group in a report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.50.

Institutional Trading of Great Elm Capital Group

Large investors have recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new position in shares of Great Elm Capital Group during the 1st quarter worth $268,000. Trust Co. of Toledo NA OH acquired a new stake in Great Elm Capital Group in the 2nd quarter valued at about $41,000. Finally, Crestwood Advisors Group LLC increased its holdings in Great Elm Capital Group by 95.5% during the 3rd quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 11,956 shares in the last quarter. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.