Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Trading Down 0.3% – Here’s Why

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) shares were down 0.3% during trading on Thursday . The company traded as low as $24.97 and last traded at $25.0350. 240 shares were traded during trading, a decline of 93% from the average session volume of 3,254 shares. The stock had previously closed at $25.11.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Down 0.3%

The firm’s fifty day moving average is $25.37 and its two-hundred day moving average is $25.29.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.5313 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 8.5%. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53.

Hedge Funds Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

An institutional investor recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.