Great Elm Capital (GECC) Announces Earnings Results
Great Elm Capital (NASDAQ:GECC) issued its quarterly earnings results on Friday. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27, MarketWatch Earnings reports. Great Elm Capital had a positive return on equity of 12.75% and a negative net margin of 34.01%.
Shares of Great Elm Capital opened at $9.57 on Friday, according to MarketBeat Ratings. 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 firm has a market capitalization of $99.07 million, a PE ratio of 6.30 and a beta of 0.53. Great Elm Capital has a 1 year low of $8.76 and a 1 year high of $11.30.
Several research firms recently issued reports on GECC. Zacks Investment Research lowered shares of Great Elm Capital from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. ValuEngine lowered shares of Great Elm Capital from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.
Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.
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