Susquehanna International Group LLP Trims Position in GREAT ELM CAP C (GECC)
Susquehanna International Group LLP decreased its holdings in GREAT ELM CAP C (NASDAQ:GECC) by 62.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,944 shares of the financial services provider’s stock after selling 26,067 shares during the quarter. Susquehanna International Group LLP’s holdings in GREAT ELM CAP C were worth $169,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC purchased a new stake in GREAT ELM CAP C in the 2nd quarter valued at $112,000. GRT Capital Partners L.L.C. purchased a new stake in GREAT ELM CAP C in the 2nd quarter valued at $237,000. Royal Bank of Canada purchased a new stake in GREAT ELM CAP C in the 2nd quarter valued at $512,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in GREAT ELM CAP C 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 purchasing an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 9.54% of the company’s stock.
In other GREAT ELM CAP C news, major shareholder Mast Capital Management, Llc sold 50,544 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $10.12, for a total value of $511,505.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 283,748 shares of company stock worth $2,960,647 over the last quarter.
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Several research firms recently commented on GECC. Zacks Investment Research upgraded shares of GREAT ELM CAP C from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, August 30th. CIBC began coverage on shares of GREAT ELM CAP C in a research report on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Oppenheimer Holdings, Inc. began coverage on shares of GREAT ELM CAP C in a research report on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price target for the company.
GREAT ELM CAP C (GECC) opened at 10.26 on Thursday. GREAT ELM CAP C has a 52 week low of $9.98 and a 52 week high of $11.82. The firm has a 50-day moving average of $10.58 and a 200 day moving average of $10.74.
GREAT ELM CAP C (NASDAQ:GECC) last posted its earnings results on Monday, August 14th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $6.24 million during the quarter, compared to the consensus estimate of $5.20 million. Equities research analysts anticipate that GREAT ELM CAP C will post $0.97 EPS for the current year.
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 paid a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date of this dividend is Thursday, December 28th.
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