Great Elm Capital Group (NASDAQ:GECC) Raised to Strong-Buy at Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, Clear Str cut Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.50.

Great Elm Capital Group Trading Down 1.9%

Shares of GECC opened at $6.08 on Tuesday. The business’s 50-day moving average price is $5.53 and its 200-day moving average price is $6.34. Great Elm Capital Group has a twelve month low of $4.63 and a twelve month high of $11.45. The stock has a market cap of $84.45 million, a PE ratio of -2.54 and a beta of 0.75. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.57.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings results on Monday, May 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. 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 ($1.91) million for the quarter, compared to analysts’ expectations of $10.74 million. On average, equities analysts forecast that Great Elm Capital Group will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rangeley Capital LLC bought a new position in shares of Great Elm Capital Group in the first quarter worth approximately $50,000. Rockefeller Capital Management L.P. bought a new position in shares of Great Elm Capital Group in the fourth quarter worth approximately $70,000. Papamarkou Wellner Asset Management inc. increased its position in shares of Great Elm Capital Group by 54.9% in the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 10,700 shares during the last quarter. Granby Capital Management LLC bought a new position in shares of Great Elm Capital Group in the fourth quarter worth approximately $352,000. Finally, Squarepoint Ops LLC increased its position in shares of Great Elm Capital Group by 247.9% in the fourth quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock worth $747,000 after purchasing an additional 75,588 shares during the last quarter. 38.75% of the stock is currently owned by institutional investors.

Great Elm Capital Group Company Profile

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.