Great Elm Capital Corp (GECC) Major Shareholder Sells $56,445.00 in Stock

Share on StockTwits

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 7,100 shares of the firm’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $7.95, for a total transaction of $56,445.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

  • On Tuesday, January 8th, Mast Capital Management, Llc sold 43,890 shares of Great Elm Capital stock. The stock was sold at an average price of $7.90, for a total transaction of $346,731.00.
  • On Thursday, January 3rd, Mast Capital Management, Llc sold 1,225 shares of Great Elm Capital stock. The stock was sold at an average price of $7.99, for a total transaction of $9,787.75.
  • On Monday, December 31st, Mast Capital Management, Llc sold 1,625 shares of Great Elm Capital stock. The stock was sold at an average price of $8.01, for a total transaction of $13,016.25.
  • On Thursday, December 13th, Mast Capital Management, Llc sold 862 shares of Great Elm Capital stock. The stock was sold at an average price of $8.16, for a total transaction of $7,033.92.
  • On Tuesday, December 11th, Mast Capital Management, Llc sold 5,100 shares of Great Elm Capital stock. The stock was sold at an average price of $8.17, for a total transaction of $41,667.00.
  • On Friday, December 7th, Mast Capital Management, Llc sold 2,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.25, for a total transaction of $16,500.00.
  • On Monday, October 22nd, Mast Capital Management, Llc sold 2,276,279 shares of Great Elm Capital stock. The stock was sold at an average price of $7.55, for a total transaction of $17,185,906.45.

NASDAQ GECC opened at $7.93 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $84.58 million, a price-to-earnings ratio of 5.22 and a beta of 0.85. Great Elm Capital Corp has a 12-month low of $7.47 and a 12-month high of $10.44.

Great Elm Capital (NASDAQ:GECC) last posted its earnings results on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The business had revenue of $6.18 million during the quarter, compared to analyst estimates of $6.96 million. Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%. As a group, analysts anticipate that Great Elm Capital Corp will post 1.45 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 12.56%. The ex-dividend date of this dividend is Wednesday, January 30th. Great Elm Capital’s dividend payout ratio (DPR) is presently 65.79%.

Separately, Zacks Investment Research cut shares of Great Elm Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th.

An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management raised its holdings in Great Elm Capital Corp (NASDAQ:GECC) by 27.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,920 shares of the financial services provider’s stock after acquiring an additional 37,932 shares during the quarter. Quantum Capital Management owned about 1.63% of Great Elm Capital worth $1,687,000 at the end of the most recent quarter. 5.32% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://weekherald.com/2019/01/14/great-elm-capital-corp-gecc-major-shareholder-sells-56445-00-in-stock.html.

Great Elm Capital Company Profile

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

Read More: Systematic Risk

Insider Buying and Selling by Quarter for Great Elm Capital (NASDAQ:GECC)

Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply