Great Elm Capital (NASDAQ:GECC) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Great Elm Capital Corp. (NASDAQ:GECC) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.70 and traded as low as $10.01. Great Elm Capital shares last traded at $10.40, with a volume of 25,279 shares trading hands.

Great Elm Capital Trading Up 3.8 %

The firm has a market capitalization of $120.06 million, a price-to-earnings ratio of 15.07 and a beta of 1.52. The business has a 50-day moving average of $10.70 and a two-hundred day moving average of $10.39. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83.

Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings results on Monday, March 10th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. The business had revenue of $9.10 million for the quarter, compared to the consensus estimate of $11.46 million. During the same quarter in the prior year, the business earned $0.55 EPS. Research analysts predict that Great Elm Capital Corp. will post 1.43 EPS for the current fiscal year.

Great Elm Capital Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued 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 presently 477.42%.

Institutional Investors Weigh In On Great Elm Capital

Several large investors have recently made changes to their positions in the company. Northern Trust Corp bought a new position in shares of Great Elm Capital in the fourth quarter valued at approximately $187,000. Northern Right Capital Management L.P. grew its holdings in Great Elm Capital by 29.7% during the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock worth $11,384,000 after acquiring an additional 237,367 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Great Elm Capital in the fourth quarter worth about $129,000. Finally, Virtu Financial LLC acquired a new position in shares of Great Elm Capital during the fourth quarter worth approximately $176,000. Institutional investors own 38.75% of the company’s stock.

Great Elm Capital Company Profile

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.