Great Elm Capital Group (NASDAQ:GECC) Downgraded to Hold Rating by Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Great Elm Capital Group in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $10.50.

Great Elm Capital Group Price Performance

NASDAQ:GECC opened at $5.21 on Monday. Great Elm Capital Group has a 12-month low of $4.63 and a 12-month high of $11.45. The firm has a market cap of $72.37 million, a price-to-earnings ratio of -2.18 and a beta of 0.76. The company’s 50-day moving average is $5.75 and its two-hundred day moving average is $6.02. 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 (NASDAQ:GECC) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of ($1.91) million during the quarter, compared to analyst estimates of $10.74 million. Great Elm Capital Group had a negative net margin of 70.13% and a positive return on equity of 14.16%. Research analysts expect that Great Elm Capital Group will post 1.1 EPS for the current year.

Institutional Trading of Great Elm Capital Group

Several institutional investors have recently made changes to their positions in GECC. Jane Street Group LLC purchased a new position in shares of Great Elm Capital Group in the 4th quarter worth $220,000. Schonfeld Strategic Advisors LLC purchased a new stake in Great Elm Capital Group during the third quarter valued at about $169,000. TrueMark Investments LLC purchased a new stake in Great Elm Capital Group during the fourth quarter valued at about $148,000. Granby Capital Management LLC acquired a new stake in Great Elm Capital Group during the fourth quarter worth about $352,000. Finally, Virtu Financial LLC acquired a new stake in Great Elm Capital Group during the third quarter worth about $160,000. 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.