Great Elm Capital Group (NASDAQ:GECC) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Great Elm Capital Group (NASDAQ:GECC) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04), Zacks reports. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%.

Great Elm Capital Group Price Performance

GECC traded down $0.01 during midday trading on Tuesday, hitting $7.47. The company had a trading volume of 63,969 shares, compared to its average volume of 69,375. Great Elm Capital Group has a twelve month low of $7.18 and a twelve month high of $11.45. The firm’s 50-day simple moving average is $9.49 and its 200-day simple moving average is $10.30. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $86.43 million, a PE ratio of 4.79 and a beta of 0.91.

Analyst Ratings Changes

GECC has been the subject of several research reports. Wall Street Zen cut shares of Great Elm Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Great Elm Capital Group in a research report on Friday. Finally, Capital One Financial set a $11.00 price objective on shares of Great Elm Capital Group in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.