Great Elm Capital (NASDAQ:GECC) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03), Fidelity Earnings reports. The firm had revenue of $6.18 million during the quarter, compared to the consensus estimate of $6.96 million. Great Elm Capital had a negative net margin of 16.40% and a positive return on equity of 15.45%.

Shares of NASDAQ GECC opened at $7.99 on Thursday. The company has a market capitalization of $87.14 million, a P/E ratio of 5.26 and a beta of 1.21. Great Elm Capital has a 52 week low of $7.76 and a 52 week high of $10.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.09 and a quick ratio of 0.09.

In related news, major shareholder Mast Capital Management, Llc sold 2,276,279 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $7.55, for a total value of $17,185,906.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

A hedge fund recently raised its stake in Great Elm Capital stock. Quantum Capital Management boosted its stake in shares of Great Elm Capital Corp (NASDAQ:GECC) by 27.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,920 shares of the financial services provider’s stock after purchasing an additional 37,932 shares during the quarter. Quantum Capital Management owned about 1.63% of Great Elm Capital worth $1,687,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.43% of the company’s stock.

Separately, Zacks Investment Research raised 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 Wednesday, August 15th.

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Great Elm Capital Company Profile

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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Earnings History for Great Elm Capital (NASDAQ:GECC)

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