Zacks: Great Elm Capital Corp. (GECC) Receives Average Rating of “Buy” from Brokerages

Great Elm Capital Corp. (NASDAQ:GECC) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Great Elm Capital’s rating score has declined by 100% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also assigned Great Elm Capital an industry rank of 87 out of 265 based on the ratings given to related companies.

GECC has been the subject of a number of research analyst reports. Janney Montgomery Scott initiated coverage on shares of Great Elm Capital in a research report on Monday, November 6th. They set a “neutral” rating and a $12.00 price objective for the company. Zacks Investment Research cut shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st.

In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 18,605 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $10.41, for a total value of $193,678.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Speller purchased 5,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $9.40 per share, with a total value of $47,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,095 shares of company stock valued at $106,139 and have sold 243,845 shares valued at $2,507,975.

A number of hedge funds have recently modified their holdings of GECC. Cambridge Investment Research Advisors Inc. boosted its position in Great Elm Capital by 1.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock valued at $538,000 after buying an additional 871 shares during the period. GRT Capital Partners L.L.C. purchased a new position in Great Elm Capital in the 2nd quarter valued at approximately $237,000. Royal Bank of Canada purchased a new position in Great Elm Capital in the 2nd quarter valued at approximately $512,000. Finally, Quantum Capital Management purchased a new position in Great Elm Capital in the 3rd quarter valued at approximately $512,000. 21.49% of the stock is owned by institutional investors.

Great Elm Capital (GECC) opened at $9.72 on Tuesday. 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 Capital has a 1 year low of $8.76 and a 1 year high of $11.90.

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