Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Shares Down 0.2% – Should You Sell?

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) fell 0.2% during trading on Monday. The stock traded as low as $25.04 and last traded at $25.0360. Approximately 592 shares were traded during trading, a decline of 79% from the average session volume of 2,852 shares. The stock had previously closed at $25.08.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Price Performance

The stock has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $25.27.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.5312 per share. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.12 annualized dividend and a dividend yield of 8.5%.

Great Elm Capital Corp. is a closed-end, externally managed business development company that invests primarily in the debt and equity securities of middle-market companies. Its investment activities are focused on providing financing to businesses that may require capital for growth, acquisitions, recapitalizations, refinancings or other corporate purposes.

The company’s portfolio may include senior secured loans, subordinated debt, unsecured debt and equity investments. Great Elm seeks to generate income from its investments while also pursuing potential long-term gains through equity positions.