Great Elm Capital Corp (NASDAQ:GECC) Director Randall Revell Horsey purchased 2,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $16,640.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company’s stock, valued at approximately $99,840. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:GECC traded up $0.06 during mid-day trading on Friday, hitting $8.32. The company’s stock had a trading volume of 18,767 shares, compared to its average volume of 56,803. Great Elm Capital Corp has a 1 year low of $7.47 and a 1 year high of $10.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market cap of $83.12 million, a price-to-earnings ratio of 7.87 and a beta of 0.73. The business’s fifty day moving average is $8.46 and its two-hundred day moving average is $8.50.
Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings results on Tuesday, August 13th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. Great Elm Capital had a negative net margin of 15.02% and a positive return on equity of 9.81%. The company had revenue of $6.71 million for the quarter, compared to analyst estimates of $6.25 million. Analysts anticipate that Great Elm Capital Corp will post 1.08 EPS for the current fiscal year.
Several research firms have commented on GECC. ValuEngine lowered shares of Great Elm Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Great Elm Capital from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Thursday, August 15th.
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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