Great Elm Capital (NASDAQ:GECC) Shares Up 0.8% – Still a Buy?

Great Elm Capital Corp. (NASDAQ:GECC)’s share price shot up 0.8% on Monday . The company traded as high as $10.38 and last traded at $10.36. 11,570 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 17,529 shares. The stock had previously closed at $10.28.

Great Elm Capital Stock Up 0.9 %

The stock has a market cap of $108.78 million, a price-to-earnings ratio of 15.09 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The stock has a fifty day moving average of $10.12 and a two-hundred day moving average of $10.24.

Great Elm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.45%. The ex-dividend date of this dividend is Monday, December 16th. Great Elm Capital’s dividend payout ratio (DPR) is presently 202.90%.

Insider Transactions at Great Elm Capital

In other news, Director Matthew A. Drapkin acquired 9,600 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $9.92 per share, with a total value of $95,232.00. Following the completion of the acquisition, the director now directly owns 75,716 shares in the company, valued at $751,102.72. This represents a 14.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned 0.13% of Great Elm Capital at the end of the most recent quarter. 38.75% of the stock is owned by institutional investors.

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.