Great Elm Capital Group (NASDAQ:GECC) Stock Rating Lowered by Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a report on Tuesday, September 1st. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Great Elm Capital Group Stock Down 1.8%

Shares of Great Elm Capital Group stock opened at $5.02 on Wednesday. The business’s fifty day moving average price is $5.31 and its two-hundred day moving average price is $5.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.61 and a quick ratio of 0.93. The company has a market capitalization of $68.57 million, a P/E ratio of 4.41 and a beta of 0.85. Great Elm Capital Group has a 1-year low of $4.63 and a 1-year high of $8.14.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings results on Monday, November 2nd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $8.69 million for the quarter, compared to analyst estimates of $9.59 million. Great Elm Capital Group had a positive return on equity of 15.01% and a negative net margin of 49.20%. As a group, research analysts forecast that Great Elm Capital Group will post 1.04 EPS for the current year.

Institutional Investors 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 stake in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 10,000 shares of the financial services provider’s stock, valued at approximately $50,000. Rangeley Capital LLC owned approximately 0.07% of Great Elm Capital Group as of its most recent filing with the SEC. 38.75% of the stock is owned by hedge funds and other institutional investors.

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.