Great Elm Capital Corp (GECC) Major Shareholder Mast Capital Management, Llc Sells 7,100 Shares of Stock

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 7,100 shares of the business’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $7.95, for a total value of $56,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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, January 8th, Mast Capital Management, Llc sold 43,890 shares of Great Elm Capital stock. The shares were sold at an average price of $7.90, for a total value of $346,731.00.
  • On Thursday, January 3rd, Mast Capital Management, Llc sold 1,225 shares of Great Elm Capital stock. The shares were sold at an average price of $7.99, for a total value of $9,787.75.
  • On Monday, December 31st, Mast Capital Management, Llc sold 1,625 shares of Great Elm Capital stock. The shares were sold at an average price of $8.01, for a total value of $13,016.25.
  • On Thursday, December 13th, Mast Capital Management, Llc sold 862 shares of Great Elm Capital stock. The shares were sold at an average price of $8.16, for a total value of $7,033.92.
  • On Tuesday, December 11th, Mast Capital Management, Llc sold 5,100 shares of Great Elm Capital stock. The shares were sold at an average price of $8.17, for a total value of $41,667.00.
  • On Friday, December 7th, Mast Capital Management, Llc sold 2,000 shares of Great Elm Capital stock. The shares were sold at an average price of $8.25, for a total value of $16,500.00.
  • On Monday, October 22nd, Mast Capital Management, Llc sold 2,276,279 shares of Great Elm Capital stock. The shares were sold at an average price of $7.55, for a total value of $17,185,906.45.

NASDAQ GECC traded down $0.01 during midday trading on Friday, hitting $7.93. The company had a trading volume of 24,205 shares, compared to its average volume of 35,726. The stock has a market capitalization of $84.58 million, a PE ratio of 5.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.10 and a quick ratio of 0.10. Great Elm Capital Corp has a twelve month low of $7.47 and a twelve month high of $10.44.



Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings data on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The company had revenue of $6.18 million during the quarter, compared to analyst estimates of $6.96 million. Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%. On average, equities analysts expect that Great Elm Capital Corp will post 1.45 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a $0.083 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $1.00 annualized dividend and a yield of 12.56%. Great Elm Capital’s dividend payout ratio is presently 65.79%.

Separately, Zacks Investment Research downgraded Great Elm Capital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th.

A hedge fund recently raised its stake in Great Elm Capital stock. Acadian Asset Management LLC raised its stake in Great Elm Capital Corp (NASDAQ:GECC) by 103.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,885 shares of the financial services provider’s stock after acquiring an additional 8,578 shares during the period. Acadian Asset Management LLC owned approximately 0.16% of Great Elm Capital worth $164,000 at the end of the most recent quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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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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