Great Elm Cap C (NASDAQ:GECC) Director Michael C. Speller Acquires 5,000 Shares

Great Elm Cap C (NASDAQ:GECC) Director Michael C. Speller acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $9.40 per share, for a total transaction of $47,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Great Elm Cap C (NASDAQ GECC) traded down $0.22 during mid-day trading on Monday, reaching $9.97. 6,600 shares of the company’s stock traded hands, compared to its average volume of 24,931. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.49. Great Elm Cap C has a 12-month low of $8.76 and a 12-month high of $11.90.

Several research firms recently commented on GECC. Zacks Investment Research raised shares of Great Elm Cap C from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, September 13th. Janney Montgomery Scott began coverage on shares of Great Elm Cap C in a research note on Monday, November 6th. They issued a “neutral” rating and a $12.00 price target on the stock.

Hedge funds have recently modified their holdings of the business. Quantum Capital Management acquired a new position in shares of Great Elm Cap C during the 3rd quarter worth about $512,000. Royal Bank of Canada acquired a new position in shares of Great Elm Cap C during the 2nd quarter worth about $512,000. GRT Capital Partners L.L.C. acquired a new position in shares of Great Elm Cap C during the 2nd quarter worth about $237,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Great Elm Cap C by 1.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 871 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Great Elm Cap C during the 2nd quarter worth about $112,000. Hedge funds and other institutional investors own 21.49% of the company’s stock.

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