Analysts predict that Great Elm Capital Corp (NASDAQ:GECC) will report earnings of $0.30 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Great Elm Capital’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Great Elm Capital reported earnings of $0.29 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Great Elm Capital will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.20. For the next financial year, analysts forecast that the business will post earnings of $1.06 per share, with EPS estimates ranging from $0.94 to $1.18. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Great Elm Capital.

Great Elm Capital (NASDAQ:GECC) last posted its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Great Elm Capital had a negative net margin of 34.01% and a positive return on equity of 12.75%. The business had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $6.75 million.

Several analysts have recently weighed in on GECC shares. Zacks Investment Research raised shares of Great Elm Capital from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Monday, May 14th. ValuEngine cut shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Great Elm Capital in a research report on Thursday, March 15th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Great Elm Capital presently has an average rating of “Hold” and a consensus target price of $12.75.

In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 7,145 shares of the firm’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $9.11, for a total value of $65,090.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 46,491 shares of company stock valued at $428,014 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management raised its holdings in Great Elm Capital Corp (NASDAQ:GECC) by 117.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,791 shares of the financial services provider’s stock after buying an additional 68,993 shares during the period. Quantum Capital Management owned approximately 1.20% of Great Elm Capital worth $1,178,000 as of its most recent SEC filing. 8.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Great Elm Capital traded up $0.02, hitting $9.50, during mid-day trading on Wednesday, reports. The stock had a trading volume of 5,168 shares, compared to its average volume of 9,600. Great Elm Capital has a 12-month low of $8.76 and a 12-month high of $11.30. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market cap of $99.81 million, a price-to-earnings ratio of 6.25 and a beta of 0.51.

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.083 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.48%. Great Elm Capital’s payout ratio is currently 65.79%.

Great Elm Capital Company Profile

Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.

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