Great Elm Capital Group, Inc. (NASDAQ:GECC) Shareholders to Receive $0.25 Quarterly Dividend

Great Elm Capital Group, Inc. (NASDAQ:GECC) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.25 per share by the financial services provider on Thursday, December 31st. This represents a $1.00 annualized dividend and a yield of 20.0%. The ex-dividend date of this dividend is Tuesday, December 15th.

Great Elm Capital Group has decreased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Great Elm Capital Group has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Great Elm Capital Group to earn $0.86 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 116.3%.

Great Elm Capital Group Price Performance

NASDAQ:GECC opened at $5.00 on Tuesday. The firm’s fifty day moving average is $5.36 and its two-hundred day moving average is $5.68. The firm has a market cap of $69.45 million, a price-to-earnings ratio of -1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.93 and a current ratio of 0.93. Great Elm Capital Group has a one year low of $4.63 and a one year high of $8.14.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings data on Monday, November 2nd. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Great Elm Capital Group had a negative net margin of 87.74% and a positive return on equity of 13.87%. The company had revenue of $8.69 million for the quarter, compared to analysts’ expectations of $9.59 million. Research analysts expect that Great Elm Capital Group will post 1.10 EPS for the current year.

Hedge Funds Weigh In On Great Elm Capital Group

An institutional investor recently bought a new stake in Great Elm Capital Group stock. Rangeley Capital LLC purchased a new position in Great Elm Capital Group, Inc. (NASDAQ:GECC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the financial services provider’s stock, valued at approximately $50,000. Rangeley Capital LLC owned 0.07% of Great Elm Capital Group at the end of the most recent quarter. Institutional investors own 38.75% of the company’s stock.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.