Great Elm Cap C (GECC) Insider Michael J. Sell Purchases 1,088 Shares of Stock
Great Elm Cap C (NASDAQ:GECC) insider Michael J. Sell purchased 1,088 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $9.43 per share, with a total value of $10,259.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Great Elm Cap C (GECC) traded up $0.17 on Tuesday, hitting $9.50. The stock had a trading volume of 32,100 shares, compared to its average volume of 25,754. Great Elm Cap C has a 52 week low of $8.76 and a 52 week high of $11.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.49.
Great Elm Cap C (NASDAQ:GECC) last released its quarterly earnings results on Monday, August 14th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.09. The company had revenue of $6.24 million for the quarter, compared to the consensus estimate of $5.20 million. equities research analysts forecast that Great Elm Cap C will post 1.16 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Great Elm Cap C by 1.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 871 shares during the period. Quantum Capital Management bought a new stake in Great Elm Cap C during the 3rd quarter valued at approximately $512,000. Royal Bank of Canada bought a new stake in Great Elm Cap C during the 2nd quarter valued at approximately $512,000. GRT Capital Partners L.L.C. bought a new stake in Great Elm Cap C during the 2nd quarter valued at approximately $237,000. Finally, Moloney Securities Asset Management LLC bought a new stake in Great Elm Cap C during the 2nd quarter valued at approximately $112,000. Hedge funds and other institutional investors own 10.01% of the company’s stock.
Several research firms have recently issued reports on GECC. Zacks Investment Research upgraded Great Elm Cap C from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday. Janney Montgomery Scott began coverage on Great Elm Cap C in a research note on Monday, November 6th. They set a “neutral” rating and a $12.00 price target for the company.
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