Clear Str Downgrades Great Elm Capital Group (NASDAQ:GECC) to Hold

Great Elm Capital Group (NASDAQ:GECC) was downgraded by analysts at Clear Str from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

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

Great Elm Capital Group Trading Down 4.5%

Shares of GECC stock opened at $5.73 on Tuesday. The business has a 50-day moving average price of $6.79 and a two-hundred day moving average price of $8.13. Great Elm Capital Group has a 12-month low of $5.64 and a 12-month high of $11.45. The company has a quick ratio of 0.07, a current ratio of 0.24 and a debt-to-equity ratio of 1.68. The firm has a market cap of $80.22 million, a P/E ratio of -2.49 and a beta of 0.64.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of ($39.96) million for the quarter, compared to the consensus estimate of $13.16 million. Great Elm Capital Group had a negative net margin of 63.59% and a positive return on equity of 13.19%. Equities analysts anticipate that Great Elm Capital Group will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Great Elm Capital Group

A number of hedge funds have recently modified their holdings of GECC. Squarepoint Ops LLC raised its stake in shares of Great Elm Capital Group by 247.9% during the fourth quarter. Squarepoint Ops LLC now owns 106,079 shares of the financial services provider’s stock valued at $747,000 after acquiring an additional 75,588 shares during the last quarter. Granby Capital Management LLC purchased a new position in Great Elm Capital Group during the 4th quarter valued at about $352,000. Jane Street Group LLC purchased a new position in Great Elm Capital Group during the 4th quarter valued at about $220,000. Papamarkou Wellner Asset Management inc. raised its position in Great Elm Capital Group by 54.9% during the 4th 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 during the last quarter. Finally, Crestwood Advisors Group LLC lifted its holdings in Great Elm Capital Group by 8.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock worth $188,000 after buying an additional 2,151 shares during the period. 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.