Great Elm Capital Group, Inc. to Issue Dividend of $0.30 (NASDAQ:GECC)

Great Elm Capital Group, Inc. (NASDAQ:GECC) announced a dividend on Wednesday, March 4th, NASDAQ Dividends reports. Stockholders of record on Monday, March 16th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, March 31st. The ex-dividend date of this dividend is Monday, March 16th.

Great Elm Capital Group has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Great Elm Capital Group has a dividend payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Great Elm Capital Group to earn $1.41 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 105.0%.

Great Elm Capital Group Stock Down 4.5%

Shares of NASDAQ:GECC traded down $0.27 on Wednesday, hitting $5.73. 197,432 shares of the company’s stock were exchanged, compared to its average volume of 68,556. Great Elm Capital Group has a 1-year low of $5.64 and a 1-year high of $11.45. The company has a market capitalization of $80.22 million, a PE ratio of -2.49 and a beta of 0.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day moving average is $6.81 and its 200 day moving average is $8.15.

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 (EPS) 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 12.60%. The firm had revenue of ($39.96) million during the quarter, compared to analyst estimates of $13.16 million. Sell-side analysts predict that Great Elm Capital Group will post 1.43 EPS for the current year.

Institutional Trading of Great Elm Capital Group

Hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC acquired a new stake in shares of Great Elm Capital Group in the 3rd quarter worth approximately $145,000. TrueMark Investments LLC acquired a new stake in Great Elm Capital Group in the fourth quarter worth approximately $148,000. Virtu Financial LLC bought a new position in Great Elm Capital Group during the 3rd quarter valued at $160,000. Schonfeld Strategic Advisors LLC bought a new position in Great Elm Capital Group during the 3rd quarter valued at $169,000. Finally, Crestwood Advisors Group LLC increased its position in shares of Great Elm Capital Group by 8.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 2,151 shares during the period. 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.