Great Elm Capital Group (NASDAQ:GECC) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Great Elm Capital Group, Inc. (NASDAQ:GECC) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.48 and traded as high as $5.98. Great Elm Capital Group shares last traded at $5.83, with a volume of 99,589 shares changing hands.

Analyst Ratings Changes

GECC has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research report on Thursday, June 4th. Zacks Research lowered shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $10.50.

Great Elm Capital Group Stock Down 2.4%

The business has a 50 day moving average of $5.47 and a two-hundred day moving average of $5.71. The stock has a market capitalization of $79.03 million, a PE ratio of -1.93 and a beta of 0.77. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.93 and a current ratio of 0.93.

Great Elm Capital Group (NASDAQ:GECC) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $11.32 million. Great Elm Capital Group had a negative net margin of 87.74% and a positive return on equity of 13.87%. Analysts predict that Great Elm Capital Group, Inc. will post 1.1 EPS for the current year.

Great Elm Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 17.6%. Great Elm Capital Group’s payout ratio is presently -33.90%.

Institutional Investors Weigh In On Great Elm Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GECC. Rangeley Capital LLC acquired a new stake in Great Elm Capital Group in the first quarter valued at approximately $50,000. Rockefeller Capital Management L.P. purchased a new position in Great Elm Capital Group in the fourth quarter worth $70,000. Papamarkou Wellner Asset Management inc. increased its position in shares of Great Elm Capital Group by 54.9% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 10,700 shares in the last quarter. Granby Capital Management LLC acquired a new position in shares of Great Elm Capital Group during the fourth quarter worth $352,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Great Elm Capital Group by 247.9% during the 4th quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 75,588 shares during the last quarter. 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.