Great Elm Capital Group (NASDAQ:GECC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Great Elm Capital Group (NASDAQ:GECC) released its quarterly earnings data on Monday. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), Zacks reports. Great Elm Capital Group had a negative net margin of 49.20% and a positive return on equity of 14.75%. The firm had revenue of $8.69 million for the quarter, compared to the consensus estimate of $9.59 million.

Great Elm Capital Group Price Performance

Shares of NASDAQ:GECC traded down $0.02 during midday trading on Wednesday, reaching $5.01. The company’s stock had a trading volume of 7,736 shares, compared to its average volume of 75,956. The business’s fifty day simple moving average is $5.34 and its 200-day simple moving average is $5.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.93 and a quick ratio of 0.93. Great Elm Capital Group has a fifty-two week low of $4.63 and a fifty-two week high of $8.14. The company has a market capitalization of $69.60 million, a P/E ratio of -3.43 and a beta of 0.85.

Great Elm Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 20.0%. Great Elm Capital Group’s dividend payout ratio (DPR) is -33.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Great Elm Capital Group in a research report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $10.00.

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.