Shares of Great Elm Cap C (NASDAQ:GECC) have received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Great Elm Cap C’s rating score has declined by 100% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $12.00 for the company, according to Zacks. Zacks has also given Great Elm Cap C an industry rank of 56 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Great Elm Cap C from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Janney Montgomery Scott initiated coverage on shares of Great Elm Cap C in a research report on Monday, November 6th. They set a “neutral” rating and a $12.00 price objective on the stock.
Great Elm Cap C (NASDAQ:GECC) opened at $10.00 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.49. Great Elm Cap C has a 1 year low of $8.76 and a 1 year high of $11.90.
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In other news, Director Michael C. Speller bought 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $9.40 per share, with a total value of $47,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Mast Capital Management, Llc sold 59,676 shares of Great Elm Cap C stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $10.65, for a total value of $635,549.40. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 10,895 shares of company stock worth $104,119 and sold 334,105 shares worth $3,469,865.
Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in Great Elm Cap C by 1.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after buying an additional 871 shares during the period. Moloney Securities Asset Management LLC acquired a new position in Great Elm Cap C during the second quarter worth $112,000. GRT Capital Partners L.L.C. acquired a new position in Great Elm Cap C during the second quarter worth $237,000. Royal Bank of Canada acquired a new position in Great Elm Cap C during the second quarter worth $512,000. Finally, Quantum Capital Management acquired a new position in Great Elm Cap C during the third quarter worth $512,000. Hedge funds and other institutional investors own 10.03% of the company’s stock.
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