Great Elm Capital Group (NASDAQ:GECC) Releases Quarterly Earnings Results

Great Elm Capital Group (NASDAQ:GECC) issued its quarterly earnings data on Monday. The financial services provider reported ($1.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($2.06), FiscalAI reports. The business had revenue of ($39.96) million for the quarter, compared to analysts’ expectations of $13.16 million. Great Elm Capital Group had a positive return on equity of 10.97% and a negative net margin of 17.08%.

Great Elm Capital Group Trading Down 0.5%

Great Elm Capital Group stock traded down $0.03 during trading on Monday, reaching $6.23. 67,971 shares of the company were exchanged, compared to its average volume of 59,538. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50 day simple moving average is $6.84 and its two-hundred day simple moving average is $8.22. The company has a market capitalization of $87.21 million, a P/E ratio of -11.13 and a beta of 0.62. Great Elm Capital Group has a 52-week low of $6.07 and a 52-week high of $11.45.

Analysts Set New Price Targets

GECC has been the topic of a number of research reports. Janney Montgomery Scott dropped their price objective on Great Elm Capital Group from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Great Elm Capital Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Great Elm Capital Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $10.50.

Institutional Investors Weigh In On Great Elm Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GECC. Kestra Private Wealth Services LLC purchased a new stake in Great Elm Capital Group during the 3rd quarter worth about $145,000. Virtu Financial LLC purchased a new stake in Great Elm Capital Group during the third quarter worth approximately $160,000. Schonfeld Strategic Advisors LLC acquired a new position in Great Elm Capital Group in the third quarter valued at approximately $169,000. Papamarkou Wellner Asset Management inc. boosted its holdings in Great Elm Capital Group by 54.9% in the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Great Elm Capital Group during the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 38.75% of the company’s stock.

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.