Great Elm Capital Group (NASDAQ:GECC) Releases Earnings Results, Beats Expectations By $0.13 EPS

Great Elm Capital Group (NASDAQ:GECC) posted its quarterly earnings data on Monday. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13, Zacks reports. Great Elm Capital Group had a positive return on equity of 13.19% and a negative net margin of 63.59%.The company had revenue of ($1.91) million for the quarter, compared to the consensus estimate of $10.74 million.

Great Elm Capital Group Trading Up 1.4%

Shares of Great Elm Capital Group stock traded up $0.08 on Tuesday, reaching $5.61. 71,589 shares of the company were exchanged, compared to its average volume of 81,660. The stock has a fifty day moving average price of $5.43 and a 200-day moving average price of $6.61. The firm has a market capitalization of $77.86 million, a price-to-earnings ratio of -2.44 and a beta of 0.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 1.68. Great Elm Capital Group has a fifty-two week low of $4.63 and a fifty-two week high of $11.45.

Great Elm Capital Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 17.8%. The ex-dividend date of this dividend is Monday, June 15th. Great Elm Capital Group’s payout ratio is currently -52.17%.

Institutional Investors Weigh In On Great Elm Capital Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC acquired a new stake in shares of Great Elm Capital Group during the third quarter worth $145,000. Virtu Financial LLC acquired a new stake in shares of Great Elm Capital Group during the third quarter worth $160,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Great Elm Capital Group during the third quarter worth $169,000. Papamarkou Wellner Asset Management inc. raised 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 during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Great Elm Capital Group during the third quarter worth $306,000. 38.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on GECC. Zacks Research downgraded Great Elm Capital Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Clear Str downgraded Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $10.50.

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.