Great Elm Capital (NASDAQ:GECC) Issues Earnings Results, Hits Estimates

Great Elm Capital (NASDAQ:GECC) released its quarterly earnings data on Thursday. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26, Fidelity Earnings reports. Great Elm Capital had a positive return on equity of 9.81% and a negative net margin of 15.02%. The business had revenue of $7.00 million during the quarter, compared to analyst estimates of $6.99 million.

Great Elm Capital stock traded up $0.06 during mid-day trading on Friday, hitting $8.13. 134,100 shares of the company’s stock traded hands, compared to its average volume of 57,777. The firm has a 50 day moving average price of $8.31 and a 200 day moving average price of $8.51. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.13. The company has a market cap of $83.02 million, a PE ratio of 5.65 and a beta of 0.74. Great Elm Capital has a one year low of $7.47 and a one year high of $9.05.

The firm also recently announced a — dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.083 per share. This represents a yield of 12.1%. The ex-dividend date of this dividend is Monday, December 30th. Great Elm Capital’s payout ratio is currently 69.44%.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Great Elm Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Great Elm Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th.

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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Earnings History for Great Elm Capital (NASDAQ:GECC)

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