Great Elm Capital Corp. (GECC) to Issue Quarterly Dividend of $0.45 on June 30th

Great Elm Capital Corp. (NASDAQ:GECC – Get Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Thursday, June 23rd will be paid a dividend of 0.45 per share by the financial services provider on Thursday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.99%. The ex-dividend date is Wednesday, June 22nd.

Great Elm Capital has decreased its dividend payment by an average of 31.3% annually over the last three years and has increased its dividend every year for the last 2 years.

Shares of GECC stock opened at $12.87 on Friday. The company has a 50 day moving average price of $14.59 and a 200-day moving average price of $17.51. Great Elm Capital has a 52 week low of $12.73 and a 52 week high of $23.10. The firm has a market capitalization of $59.20 million, a PE ratio of 8.03 and a beta of 1.71. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.90.

A number of analysts have recently commented on GECC shares. Zacks Investment Research upgraded shares of Great Elm Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded shares of Great Elm Capital from a “c-” rating to a “d” rating in a report on Wednesday, April 6th.

Several institutional investors and hedge funds have recently bought and sold shares of GECC. Citadel Advisors LLC purchased a new position in Great Elm Capital during the fourth quarter valued at approximately $33,000. Virtu Financial LLC bought a new stake in Great Elm Capital in the fourth quarter worth $50,000. Susquehanna International Group LLP bought a new stake in Great Elm Capital in the fourth quarter worth $55,000. Finally, Morgan Stanley increased its position in Great Elm Capital by 51.1% in the second quarter. Morgan Stanley now owns 419,711 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 141,970 shares during the last quarter. 71.76% of the stock is currently owned by institutional investors.

Great Elm Capital Company Profile (Get Rating)

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.

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