GREAT ELM CAP C (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 82,780 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $10.47, for a total value of $866,706.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, September 26th, Mast Capital Management, Llc sold 17,223 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.58, for a total value of $182,219.34.
  • On Thursday, September 21st, Mast Capital Management, Llc sold 59,676 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.65, for a total value of $635,549.40.
  • On Friday, September 15th, Mast Capital Management, Llc sold 12,761 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.78, for a total value of $137,563.58.
  • On Friday, September 8th, Mast Capital Management, Llc sold 600 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.93, for a total value of $6,558.00.

GREAT ELM CAP C (GECC) traded down 0.10% on Friday, hitting $10.44. The stock had a trading volume of 23,774 shares. GREAT ELM CAP C has a 52-week low of $10.42 and a 52-week 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 issued its quarterly earnings data on Monday, August 14th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. The business had revenue of $6.24 million for the quarter, compared to analysts’ expectations of $5.20 million. On average, equities research analysts predict that GREAT ELM CAP C will post $0.97 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.083 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 9.54%.

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Several institutional investors and hedge funds have recently modified their holdings of GECC. Royal Bank of Canada purchased a new stake in shares of GREAT ELM CAP C during the 2nd quarter valued at $512,000. GRT Capital Partners L.L.C. purchased a new stake in shares of GREAT ELM CAP C during the 2nd quarter valued at $237,000. Moloney Securities Asset Management LLC purchased a new stake in shares of GREAT ELM CAP C during the 2nd quarter valued at $112,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings 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 valued at $538,000 after purchasing an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 8.91% of the company’s stock.

GECC has been the subject of several recent analyst reports. Zacks Investment Research cut GREAT ELM CAP C from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Oppenheimer Holdings, Inc. initiated coverage on GREAT ELM CAP C in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, CIBC initiated coverage on GREAT ELM CAP C in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price target for the company.

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