Great Elm Capital Corp (GECC) Major Shareholder Sells $56,445.00 in Stock

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 7,100 shares of the business’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $7.95, for a total value of $56,445.00. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

  • On Tuesday, January 8th, Mast Capital Management, Llc sold 43,890 shares of Great Elm Capital stock. The stock was sold at an average price of $7.90, for a total value of $346,731.00.
  • On Thursday, January 3rd, Mast Capital Management, Llc sold 1,225 shares of Great Elm Capital stock. The stock was sold at an average price of $7.99, for a total value of $9,787.75.
  • On Monday, December 31st, Mast Capital Management, Llc sold 1,625 shares of Great Elm Capital stock. The stock was sold at an average price of $8.01, for a total value of $13,016.25.
  • On Thursday, December 13th, Mast Capital Management, Llc sold 862 shares of Great Elm Capital stock. The stock was sold at an average price of $8.16, for a total value of $7,033.92.
  • On Tuesday, December 11th, Mast Capital Management, Llc sold 5,100 shares of Great Elm Capital stock. The stock was sold at an average price of $8.17, for a total value of $41,667.00.
  • On Friday, December 7th, Mast Capital Management, Llc sold 2,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.25, for a total value of $16,500.00.
  • On Monday, October 22nd, Mast Capital Management, Llc sold 2,276,279 shares of Great Elm Capital stock. The stock was sold at an average price of $7.55, for a total value of $17,185,906.45.

Shares of GECC stock opened at $7.93 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $84.58 million, a PE ratio of 5.22 and a beta of 0.85. Great Elm Capital Corp has a one year low of $7.47 and a one year high of $10.44.

Great Elm Capital (NASDAQ:GECC) last announced its quarterly earnings results on Tuesday, November 13th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $6.18 million during the quarter, compared to the consensus estimate of $6.96 million. Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%. As a group, sell-side analysts expect that Great Elm Capital Corp will post 1.45 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be paid a $0.083 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.56%. Great Elm Capital’s dividend payout ratio (DPR) is presently 65.79%.

A hedge fund recently raised its stake in Great Elm Capital stock. Acadian Asset Management LLC increased its holdings in shares of Great Elm Capital Corp (NASDAQ:GECC) by 103.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,885 shares of the financial services provider’s stock after purchasing an additional 8,578 shares during the quarter. Acadian Asset Management LLC owned 0.16% of Great Elm Capital worth $164,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Separately, Zacks Investment Research cut Great Elm Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th.

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About Great Elm Capital

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

Read More: Institutional Investors

Insider Buying and Selling by Quarter for Great Elm Capital (NASDAQ:GECC)

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