Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $25.13 and traded as high as $25.18. Great Elm Capital Corp. 8.50% NOTES DUE 2029 shares last traded at $25.2040, with a volume of 2,978 shares traded.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

The business’s 50 day moving average is $25.13 and its two-hundred day moving average is $25.26.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.5312 per share. This represents a $2.12 annualized dividend and a yield of 8.4%. The ex-dividend date was Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253.

Great Elm Capital Corp. is a business development company (BDC) that invests in middle-market businesses, primarily through privately negotiated financing. Its investment portfolio may include debt and equity securities, with an emphasis on providing capital to companies that may have limited access to traditional financing.

The company focuses mainly on U.S. businesses and is externally managed by Great Elm Capital Management, an investment adviser. Its activities include evaluating investment opportunities, structuring financings and managing portfolio investments.

NASDAQ: GECCI represents Great Elm Capital Corp.’s 8.50% notes due 2029, rather than its common stock.