Mast Capital Management, Llc Sells 24,000 Shares of Great Elm Capital Corp (GECC) Stock

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 24,000 shares of Great Elm Capital stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $8.26, for a total transaction of $198,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

  • On Tuesday, March 19th, Mast Capital Management, Llc sold 32,309 shares of Great Elm Capital stock. The stock was sold at an average price of $8.19, for a total transaction of $264,610.71.
  • On Thursday, March 14th, Mast Capital Management, Llc sold 64,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.15, for a total transaction of $521,600.00.
  • On Monday, March 11th, Mast Capital Management, Llc sold 35,800 shares of Great Elm Capital stock. The stock was sold at an average price of $8.15, for a total transaction of $291,770.00.
  • On Wednesday, March 6th, Mast Capital Management, Llc sold 37,500 shares of Great Elm Capital stock. The stock was sold at an average price of $8.23, for a total transaction of $308,625.00.
  • On Friday, March 1st, Mast Capital Management, Llc sold 61,400 shares of Great Elm Capital stock. The stock was sold at an average price of $8.40, for a total transaction of $515,760.00.
  • On Thursday, February 21st, Mast Capital Management, Llc sold 38,900 shares of Great Elm Capital stock. The stock was sold at an average price of $8.33, for a total transaction of $324,037.00.
  • On Friday, February 15th, Mast Capital Management, Llc sold 40,400 shares of Great Elm Capital stock. The stock was sold at an average price of $8.28, for a total transaction of $334,512.00.
  • On Tuesday, February 12th, Mast Capital Management, Llc sold 20,300 shares of Great Elm Capital stock. The stock was sold at an average price of $8.15, for a total transaction of $165,445.00.
  • On Thursday, February 7th, Mast Capital Management, Llc sold 39,800 shares of Great Elm Capital stock. The stock was sold at an average price of $8.11, for a total transaction of $322,778.00.
  • On Monday, February 4th, Mast Capital Management, Llc sold 39,200 shares of Great Elm Capital stock. The stock was sold at an average price of $8.01, for a total transaction of $313,992.00.

Great Elm Capital stock traded up $0.08 during trading hours on Monday, hitting $8.34. The company had a trading volume of 27,921 shares, compared to its average volume of 57,324. The stock has a market cap of $88.56 million, a price-to-earnings ratio of 5.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.20 and a quick ratio of 0.20. Great Elm Capital Corp has a 1 year low of $7.47 and a 1 year high of $10.07.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings data on Wednesday, March 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $6.91 million during the quarter, compared to analysts’ expectations of $6.57 million. Great Elm Capital had a negative net margin of 32.44% and a positive return on equity of 12.54%. Research analysts expect that Great Elm Capital Corp will post 1.02 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were given a $0.083 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.00 annualized dividend and a yield of 11.94%. Great Elm Capital’s dividend payout ratio (DPR) is 69.44%.

Separately, Zacks Investment Research cut shares of Great Elm Capital from a “hold” rating to a “sell” rating in a research note on Monday, March 18th.

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new stake in Great Elm Capital in the 4th quarter valued at about $155,000. Quantum Capital Management boosted its position in Great Elm Capital by 68.9% in the 4th quarter. Quantum Capital Management now owns 293,814 shares of the financial services provider’s stock valued at $2,306,000 after buying an additional 119,894 shares during the period. Acadian Asset Management LLC boosted its position in Great Elm Capital by 30.1% in the 4th quarter. Acadian Asset Management LLC now owns 21,968 shares of the financial services provider’s stock valued at $173,000 after buying an additional 5,083 shares during the period. B. Riley Financial Inc. purchased a new stake in Great Elm Capital in the 4th quarter valued at about $261,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in Great Elm Capital in the 4th quarter valued at about $365,000. 13.01% of the stock is owned by institutional investors.

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About Great Elm Capital

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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