Great Elm Capital (NASDAQ:GECC) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Great Elm Capital Corp. (NASDAQ:GECC) 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.

Great Elm Capital Stock Up 1.1 %

The firm has a market capitalization of $117.17 million, a PE ratio of 14.71 and a beta of 1.52. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The firm has a 50-day moving average of $10.74 and a two-hundred day moving average of $10.40.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). The firm had revenue of $9.10 million during the quarter, compared to analysts’ expectations of $11.46 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. During the same quarter last year, the business earned $0.55 earnings per share. On average, equities research analysts forecast that Great Elm Capital Corp. will post 1.43 EPS for the current year.

Great Elm Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 477.42%.

Institutional Investors Weigh In On Great Elm Capital

Several large investors have recently made changes to their positions in GECC. Two Sigma Securities LLC acquired a new position in shares of Great Elm Capital during the 4th quarter valued at $129,000. Virtu Financial LLC purchased a new position in Great Elm Capital in the fourth quarter valued at about $176,000. Northern Trust Corp purchased a new position in Great Elm Capital in the fourth quarter valued at about $187,000. Finally, Northern Right Capital Management L.P. lifted its stake in shares of Great Elm Capital by 29.7% during the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock worth $11,384,000 after purchasing an additional 237,367 shares in the last quarter. Institutional investors and hedge funds 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.