Great Elm Capital Group (NASDAQ:GECC) Issues Earnings Results

Great Elm Capital Group (NASDAQ:GECC) released its earnings results on Wednesday. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. Great Elm Capital Group had a positive return on equity of 14.16% and a negative net margin of 70.13%.The firm had revenue of $14.74 million for the quarter, compared to the consensus estimate of $11.32 million.

Great Elm Capital Group Stock Down 2.5%

Shares of GECC opened at $5.16 on Thursday. The business’s 50 day moving average is $5.53 and its 200 day moving average is $5.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. Great Elm Capital Group has a 12-month low of $4.63 and a 12-month high of $11.45. The company has a market capitalization of $71.68 million, a PE ratio of -2.16 and a beta of 0.77.

Great Elm Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 19.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Great Elm Capital Group’s dividend payout ratio (DPR) is -41.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research cut shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $10.50.

Institutional Investors Weigh In On Great Elm Capital Group

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC bought a new stake in shares of Great Elm Capital Group during the third quarter valued at approximately $145,000. Virtu Financial LLC bought a new position in shares of Great Elm Capital Group during the third quarter worth $160,000. Schonfeld Strategic Advisors LLC purchased a new position in Great Elm Capital Group during the third quarter valued at $169,000. Papamarkou Wellner Asset Management inc. grew its stake in Great Elm Capital Group by 54.9% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Great Elm Capital Group in the 4th quarter valued at $220,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

About Great Elm Capital Group

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.