Michael J. Sell Buys 1,088 Shares of Great Elm Cap C (GECC) Stock
Great Elm Cap C (NASDAQ:GECC) insider Michael J. Sell bought 1,088 shares of the stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $9.43 per share, with a total value of $10,259.84. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Great Elm Cap C (GECC) remained flat at $$9.33 during trading on Monday. 15,700 shares of the company traded hands, compared to its average volume of 25,725. Great Elm Cap C has a one year low of $8.76 and a one year high of $11.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.49.
Great Elm Cap C (NASDAQ:GECC) last released its quarterly earnings results on Monday, August 14th. The financial services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.09. The company had revenue of $6.24 million during the quarter, compared to analyst estimates of $5.20 million. sell-side analysts expect that Great Elm Cap C will post 1.16 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.083 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.68%. The ex-dividend date is Thursday, December 28th.
COPYRIGHT VIOLATION NOTICE: “Michael J. Sell Buys 1,088 Shares of Great Elm Cap C (GECC) Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/11/13/michael-j-sell-buys-1088-shares-of-great-elm-cap-c-gecc-stock.html.
Institutional investors have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC acquired a new position in shares of Great Elm Cap C in the second quarter valued at approximately $112,000. GRT Capital Partners L.L.C. acquired a new position in Great Elm Cap C during the second quarter worth $237,000. Quantum Capital Management acquired a new position in Great Elm Cap C during the third quarter worth $512,000. Royal Bank of Canada acquired a new position in Great Elm Cap C during the second quarter worth $512,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Great Elm Cap C by 1.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 871 shares during the last quarter. Institutional investors own 10.01% of the company’s stock.
Several research analysts have recently weighed in on GECC shares. Zacks Investment Research cut shares of Great Elm Cap C from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Janney Montgomery Scott started coverage on shares of Great Elm Cap C in a report on Monday, November 6th. They issued a “neutral” rating and a $12.00 price target for the company.
Receive News & Stock Ratings for Great Elm Cap C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Cap C and related stocks with our FREE daily email newsletter.