Great Elm Capital (NASDAQ:GECC) Releases Quarterly Earnings Results

Great Elm Capital (NASDAQ:GECC) announced its earnings results on Monday. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.17), Zacks reports. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%.

Great Elm Capital Stock Down 2.3 %

Great Elm Capital stock traded down $0.25 during mid-day trading on Monday, hitting $10.53. The company’s stock had a trading volume of 39,481 shares, compared to its average volume of 17,266. The firm’s 50 day moving average is $10.78 and its 200 day moving average is $10.41. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $121.56 million, a PE ratio of 15.26 and a beta of 1.52. Great Elm Capital has a 52-week low of $9.55 and a 52-week high of $11.39.

Great Elm Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital’s payout ratio is 214.49%.

About Great Elm Capital

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.