Clear Str Downgrades Great Elm Capital Group (NASDAQ:GECC) to Hold

Great Elm Capital Group (NASDAQ:GECC) was downgraded by investment analysts at Clear Str from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts also recently commented on GECC. Zacks Research raised shares of Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Janney Montgomery Scott lowered their price target on shares of Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Great Elm Capital Group in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.50.

Great Elm Capital Group Stock Performance

Shares of NASDAQ GECC traded up $0.13 during mid-day trading on Tuesday, hitting $5.86. The stock had a trading volume of 62,489 shares, compared to its average volume of 68,414. The firm has a market cap of $82.03 million, a PE ratio of -2.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.07 and a current ratio of 0.24. The company has a 50 day moving average of $6.79 and a two-hundred day moving average of $8.13. Great Elm Capital Group has a twelve month low of $5.64 and a twelve month high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of ($39.96) million during the quarter, compared to analyst estimates of $13.16 million. Great Elm Capital Group had a negative net margin of 63.59% and a positive return on equity of 13.19%. Research analysts predict that Great Elm Capital Group will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Great Elm Capital Group

A number of large investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its position in Great Elm Capital Group by 247.9% in the fourth quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock worth $747,000 after acquiring an additional 75,588 shares during the period. Granby Capital Management LLC acquired a new position in shares of Great Elm Capital Group in the 4th quarter valued at $352,000. Jane Street Group LLC purchased a new position in shares of Great Elm Capital Group during the 4th quarter worth $220,000. Papamarkou Wellner Asset Management inc. grew its holdings in shares of Great Elm Capital Group by 54.9% during the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 10,700 shares during the period. Finally, Crestwood Advisors Group LLC increased its position in shares of Great Elm Capital Group by 8.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 2,151 shares during the last quarter. Hedge funds and other institutional investors own 38.75% of the company’s stock.

About Great Elm Capital Group

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.