Michael C. Speller Acquires 5,000 Shares of Great Elm Cap C (GECC) Stock
Great Elm Cap C (NASDAQ:GECC) Director Michael C. Speller acquired 5,000 shares of Great Elm Cap C stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $9.40 per share, with a total value of $47,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Great Elm Cap C (NASDAQ GECC) traded up $0.10 during midday trading on Friday, reaching $9.89. The company’s stock had a trading volume of 8,853 shares, compared to its average volume of 23,212. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.61 and a quick ratio of 0.61. Great Elm Cap C has a one year low of $8.76 and a one year high of $11.90.
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Institutional investors have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC purchased a new stake in shares of Great Elm Cap C during the second quarter worth approximately $112,000. GRT Capital Partners L.L.C. purchased a new stake in shares of Great Elm Cap C during the second quarter worth approximately $237,000. Royal Bank of Canada purchased a new stake in shares of Great Elm Cap C during the second quarter worth approximately $512,000. Quantum Capital Management purchased a new stake in shares of Great Elm Cap C during the third quarter worth approximately $512,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of 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 and hedge funds own 10.01% of the company’s stock.
A number of brokerages have weighed in on GECC. Zacks Investment Research upgraded Great Elm Cap C from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, November 10th. Janney Montgomery Scott began coverage on Great Elm Cap C in a research note on Monday, November 6th. They issued a “neutral” rating and a $12.00 price objective for the company.
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