Great Elm Capital Corp. (NASDAQ:GECC – Get Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 12,300 shares, a growth of 5.1% from the May 15th total of 11,700 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cruiser Capital Advisors LLC grew its position in Great Elm Capital by 28.8% during the 1st quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 21,422 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Great Elm Capital by 99.8% in the third quarter. Acadian Asset Management LLC now owns 43,785 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 21,871 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Great Elm Capital by 13.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 3,214 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Great Elm Capital in the fourth quarter valued at about $127,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital Price Performance

Shares of NASDAQ:GECC opened at $10.08 on Thursday. The company’s fifty day moving average price is $10.29 and its 200 day moving average price is $10.56. Great Elm Capital has a 12 month low of $7.54 and a 12 month high of $11.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $95.26 million, a P/E ratio of 4.58 and a beta of 1.57.

Great Elm Capital (NASDAQ:GECC – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). Great Elm Capital had a return on equity of 12.63% and a net margin of 46.02%. The company had revenue of $8.91 million for the quarter, compared to analyst estimates of $9.14 million. As a group, sell-side analysts predict that Great Elm Capital will post 1.5 earnings per share for the current fiscal year.

Great Elm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.89%. The ex-dividend date of this dividend is Friday, June 14th. Great Elm Capital’s payout ratio is currently 63.64%.

About Great Elm Capital

(Get Free Report)

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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