Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Trading Up 0.2% Following Dividend Announcement

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI)’s share price traded up 0.2% during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $25.39 and last traded at $25.3550. 1,659 shares were traded during mid-day trading, a decline of 44% from the average session volume of 2,956 shares. The stock had previously closed at $25.31.

The newly announced dividend which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.5313 dividend. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 8.4%.

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

The stock’s 50-day moving average is $25.28 and its 200-day moving average is $25.31.

Institutional Investors Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. bought a new position in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.