Insider Buying: Great Elm Capital Corp. (NASDAQ:GECC) Director Purchases 9,600 Shares of Stock

Great Elm Capital Corp. (NASDAQ:GECC) Director Matthew A. Drapkin purchased 9,600 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $9.92 per share, for a total transaction of $95,232.00. Following the completion of the purchase, the director now directly owns 75,716 shares in the company, valued at approximately $751,102.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Great Elm Capital Price Performance

Shares of NASDAQ GECC opened at $9.97 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.30 and a quick ratio of 0.30. The business has a 50-day moving average of $10.36 and a 200-day moving average of $10.39. The stock has a market capitalization of $94.19 million, a price-to-earnings ratio of 4.53 and a beta of 1.60. Great Elm Capital Corp. has a fifty-two week low of $8.38 and a fifty-two week high of $11.82.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $9.55 million during the quarter, compared to the consensus estimate of $9.77 million. Great Elm Capital had a net margin of 27.61% and a return on equity of 11.40%. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, sell-side analysts predict that Great Elm Capital Corp. will post 1.42 earnings per share for the current fiscal year.

Great Elm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.40 dividend on an annualized basis and a yield of 14.05%. Great Elm Capital’s payout ratio is 63.64%.

Institutional Trading of Great Elm Capital

An institutional investor recently raised its position in Great Elm Capital stock. Cruiser Capital Advisors LLC increased its position in Great Elm Capital Corp. (NASDAQ:GECC) by 28.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,848 shares of the financial services provider’s stock after purchasing an additional 21,422 shares during the quarter. Great Elm Capital makes up 1.5% of Cruiser Capital Advisors LLC’s holdings, making the stock its 15th largest position. Cruiser Capital Advisors LLC owned about 1.01% of Great Elm Capital worth $1,060,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.75% of the company’s stock.

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.