GREAT ELM CAP C (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 12,761 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $10.78, for a total value of $137,563.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 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 Friday, September 8th, Mast Capital Management, Llc sold 600 shares of GREAT ELM CAP C stock. The shares were sold at an average price of $10.93, for a total value of $6,558.00.

Shares of GREAT ELM CAP C (NASDAQ:GECC) opened at 10.78 on Wednesday. GREAT ELM CAP C has a 12-month low of $10.61 and a 12-month high of $11.82. The company has a 50-day moving average price of $10.83 and a 200-day moving average price of $10.83.

GREAT ELM CAP C (NASDAQ:GECC) last announced its earnings results on Monday, August 14th. The financial services provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.09. The company had revenue of $6.24 million for the quarter, compared to analyst estimates of $5.20 million.

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.083 per share. This represents a $1.00 annualized dividend and a yield of 9.24%. The ex-dividend date is Thursday, December 28th.

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GECC has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. initiated coverage on GREAT ELM CAP C in a report on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price objective for the company. Zacks Investment Research downgraded GREAT ELM CAP C from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, CIBC initiated coverage on GREAT ELM CAP C in a report on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price objective for the company.

A number of institutional investors and hedge funds have recently made changes to their positions in GECC. Moloney Securities Asset Management LLC acquired a new position in GREAT ELM CAP C during the 2nd quarter worth about $112,000. Cambridge Investment Research Advisors Inc. lifted its holdings in 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 buying an additional 871 shares during the period. GRT Capital Partners L.L.C. acquired a new position in GREAT ELM CAP C during the 2nd quarter worth about $237,000. Finally, Royal Bank of Canada acquired a new position in GREAT ELM CAP C during the 2nd quarter worth about $512,000. 8.90% of the stock is currently owned by hedge funds and other institutional investors.

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