Great Elm Capital Corp (NASDAQ:GECC) Director Buys $16,640.00 in Stock

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.

A number of large investors have recently bought and sold shares of the business. Quantum Capital Management raised its holdings in shares of Great Elm Capital by 1.3% in the 1st quarter. Quantum Capital Management now owns 297,753 shares of the financial services provider’s stock valued at $2,459,000 after purchasing an additional 3,939 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in Great Elm Capital by 27.0% during the 1st quarter. Monarch Partners Asset Management LLC now owns 59,027 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 12,541 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Great Elm Capital during the 1st quarter worth $1,247,000. Punch & Associates Investment Management Inc. raised its stake in Great Elm Capital by 35.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 476,495 shares of the financial services provider’s stock worth $3,936,000 after acquiring an additional 123,595 shares in the last quarter. Finally, Morgan Stanley raised its stake in Great Elm Capital by 4.5% during the 2nd quarter. Morgan Stanley now owns 66,649 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 2,861 shares in the last quarter. 15.03% of the stock is currently owned by institutional investors.

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

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