Great Elm Capital (NASDAQ:GECC) Stock Crosses Below 50 Day Moving Average – Here’s Why

Great Elm Capital Corp. (NASDAQ:GECC) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.74 and traded as low as $9.96. Great Elm Capital shares last traded at $10.04, with a volume of 16,974 shares trading hands.

Great Elm Capital Stock Down 1.4 %

The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $115.90 million, a P/E ratio of 14.55 and a beta of 1.52. The firm has a 50-day moving average price of $10.74 and a two-hundred day moving average price of $10.41.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.15). Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. The business had revenue of $9.10 million during the quarter, compared to the consensus estimate of $11.46 million. During the same period in the prior year, the company posted $0.55 earnings per share. Equities research analysts anticipate that Great Elm Capital Corp. will post 1.43 EPS for the current fiscal year.

Great Elm Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio is 477.42%.

Institutional Investors Weigh In On Great Elm Capital

Several hedge funds have recently modified their holdings of the business. Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital in the fourth quarter valued at $129,000. Virtu Financial LLC acquired a new position in shares of Great Elm Capital in the fourth quarter valued at $176,000. Northern Trust Corp acquired a new position in shares of Great Elm Capital in the fourth quarter valued at $187,000. Finally, Northern Right Capital Management L.P. raised its stake in shares of Great Elm Capital by 29.7% in the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock valued at $11,384,000 after purchasing an additional 237,367 shares in the last quarter. 38.75% of the stock is owned by institutional investors.

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.