Great Elm Capital Group (NASDAQ:GECC) Releases Earnings Results, Misses Expectations By $0.48 EPS

Great Elm Capital Group (NASDAQ:GECC) issued its quarterly earnings results on Monday. The financial services provider reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48), FiscalAI reports. Great Elm Capital Group had a positive return on equity of 13.87% and a negative net margin of 87.74%. The business had revenue of $8.69 million for the quarter, compared to the consensus estimate of $9.59 million.

Great Elm Capital Group Stock Up 1.0%

Shares of GECC stock traded up $0.05 on Monday, hitting $5.00. The stock had a trading volume of 113,307 shares, compared to its average volume of 76,163. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.47. The company has a market cap of $69.45 million, a PE ratio of -1.69 and a beta of 0.82. The business has a 50 day moving average price of $5.38 and a 200 day moving average price of $5.69. Great Elm Capital Group has a one year low of $4.63 and a one year high of $8.14.

Great Elm Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 20.0%. The ex-dividend date was Tuesday, September 15th. Great Elm Capital Group’s dividend payout ratio (DPR) is presently -33.90%.

Analyst Ratings Changes

GECC has been the topic of a number of recent analyst reports. Zacks Research lowered Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $10.00.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.