Great Elm Capital Group (NASDAQ:GECC) Downgraded by Clear Str to Hold

Great Elm Capital Group (NASDAQ:GECC) was downgraded by research analysts at Clear Str from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on GECC. Zacks Research raised Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Janney Montgomery Scott lowered their target price on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Great Elm Capital Group in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $10.50.

Great Elm Capital Group Stock Down 4.5%

Shares of NASDAQ GECC opened at $5.73 on Tuesday. The firm has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $8.13. Great Elm Capital Group has a 12 month low of $5.64 and a 12 month high of $11.45. The company has a current ratio of 0.24, a quick ratio of 0.07 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $80.22 million, a PE ratio of -2.49 and a beta of 0.64.

Great Elm Capital Group (NASDAQ:GECC) last announced its earnings results on Monday, March 2nd. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Great Elm Capital Group had a negative net margin of 63.59% and a positive return on equity of 13.19%. The company had revenue of ($39.96) million for the quarter, compared to the consensus estimate of $13.16 million. Equities analysts expect that Great Elm Capital Group will post 1.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GECC. Crestwood Advisors Group LLC grew its holdings in shares of Great Elm Capital Group by 95.5% during the third quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider’s stock valued at $245,000 after buying an additional 11,956 shares during the last quarter. Squarepoint Ops LLC bought a new position in Great Elm Capital Group in the 3rd quarter valued at approximately $306,000. Virtu Financial LLC bought a new position in Great Elm Capital Group in the 3rd quarter valued at approximately $160,000. Schonfeld Strategic Advisors LLC purchased a new stake in Great Elm Capital Group during the 3rd quarter valued at $169,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Great Elm Capital Group in the 3rd quarter worth $145,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

About Great Elm Capital Group

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.