Equities research analysts expect Great Elm Capital Corp (NASDAQ:GECC) to report earnings of $0.29 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Great Elm Capital’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.26. Great Elm Capital posted earnings per share of $0.32 during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.4%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, November 13th.
According to Zacks, analysts expect that Great Elm Capital will report full year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.55. For the next year, analysts anticipate that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $1.02 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Great Elm Capital.
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 consensus estimate of $0.30 by $0.27. The company had revenue of $7.16 million during the quarter, compared to the consensus estimate of $6.99 million. Great Elm Capital had a positive return on equity of 15.45% and a negative net margin of 16.40%.
Shares of NASDAQ:GECC traded down $0.04 during midday trading on Monday, reaching $8.11. The company’s stock had a trading volume of 16,086 shares, compared to its average volume of 287,948. The company has a market cap of $86.71 million, a P/E ratio of 5.34 and a beta of 1.21. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.60. Great Elm Capital has a 1 year low of $7.76 and a 1 year high of $10.44.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date of this dividend is Thursday, November 29th. Great Elm Capital’s dividend payout ratio is currently 65.79%.
In other news, major shareholder Mast Capital Management, Llc sold 45,448 shares of Great Elm Capital stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by insiders.
An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management increased its holdings in Great Elm Capital Corp (NASDAQ:GECC) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,988 shares of the financial services provider’s stock after purchasing an additional 8,197 shares during the period. Quantum Capital Management owned 1.28% of Great Elm Capital worth $1,257,000 as of its most recent SEC filing. Institutional investors and hedge funds own 6.71% of the company’s stock.
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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