Great Elm Capital (NASDAQ:GECC) announced a monthly dividend on Tuesday, March 13th, Wall Street Journal reports. Shareholders of record on Thursday, May 31st will be given a dividend of 0.083 per share by the financial services provider on Friday, June 15th. This represents a $1.00 annualized dividend and a yield of 10.61%. The ex-dividend date is Wednesday, May 30th.
NASDAQ:GECC opened at $9.39 on Friday. The company has a market cap of $99.49 million, a price-to-earnings ratio of 5.95 and a beta of 0.49. Great Elm Capital has a twelve month low of $8.76 and a twelve month high of $11.30. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60.
Great Elm Capital (NASDAQ:GECC) last released its earnings results on Wednesday, May 9th. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $7.50 million for the quarter, compared to the consensus estimate of $6.75 million. Great Elm Capital had a negative net margin of 34.01% and a positive return on equity of 12.75%. equities research analysts expect that Great Elm Capital will post 1.16 earnings per share for the current year.
Several brokerages have commented on GECC. ValuEngine cut shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of Great Elm Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. Finally, Ladenburg Thalmann began coverage on shares of Great Elm Capital in a research note on Thursday, March 15th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $12.75.
Great Elm Capital Company Profile
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
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