Insider Selling: Great Elm Capital Corp (GECC) Major Shareholder Sells 45,448 Shares of Stock

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 45,448 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $9.68, for a total value of $439,936.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NASDAQ GECC opened at $9.46 on Friday. The company has a market capitalization of $101.20 million, a price-to-earnings ratio of 5.14 and a beta of 0.64. Great Elm Capital Corp has a fifty-two week low of $8.76 and a fifty-two week high of $10.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.09 and a quick ratio of 0.09.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings results on Friday, August 10th. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.27. The firm had revenue of $7.16 million during the quarter, compared to analysts’ expectations of $6.99 million. Great Elm Capital had a positive return on equity of 15.45% and a negative net margin of 16.40%. sell-side analysts forecast that Great Elm Capital Corp will post 1.48 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend is Thursday, November 29th. Great Elm Capital’s dividend payout ratio is presently 65.79%.

A number of brokerages have recently issued reports on GECC. Zacks Investment Research upgraded Great Elm Capital from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, August 15th. ValuEngine cut Great Elm Capital from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.

An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management boosted its stake in Great Elm Capital Corp (NASDAQ:GECC) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,988 shares of the financial services provider’s stock after acquiring an additional 8,197 shares during the quarter. Quantum Capital Management owned about 1.28% of Great Elm Capital worth $1,257,000 at the end of the most recent reporting period. 6.71% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital Company Profile

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

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Insider Buying and Selling by Quarter for Great Elm Capital (NASDAQ:GECC)

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