Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 45,800 shares, an increase of 39.2% from the November 15th total of 32,900 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is currently 2.8 days.

Insiders Place Their Bets

In other news, Director Matthew A. Drapkin bought 9,600 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the completion of the purchase, the director now owns 75,716 shares of the company’s stock, valued at $751,102.72. This trade represents a 14.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC purchased a new position in Great Elm Capital Corp. (NASDAQ:GECC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital at the end of the most recent quarter. 38.75% of the stock is owned by institutional investors.

Great Elm Capital Stock Performance

Shares of GECC stock opened at $10.43 on Friday. The company’s fifty day moving average price is $10.15 and its two-hundred day moving average price is $10.25. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $108.99 million, a P/E ratio of 15.12 and a beta of 1.61. Great Elm Capital has a 12 month low of $9.55 and a 12 month high of $11.31.

Great Elm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.42%. The ex-dividend date of this dividend is Monday, December 16th. Great Elm Capital’s dividend payout ratio is currently 202.90%.

Great Elm Capital Company Profile

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.