GREAT ELM CAP C (GECC) Issues Quarterly Earnings Results
GREAT ELM CAP C (NASDAQ:GECC) posted its quarterly earnings data on Monday. The financial services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.09, Morningstar.com reports. The firm had revenue of $6.24 million during the quarter, compared to analysts’ expectations of $5.20 million.
Shares of GREAT ELM CAP C (NASDAQ:GECC) traded down 0.74% on Tuesday, reaching $10.76. 13,468 shares of the company’s stock traded hands. The firm’s 50-day moving average is $10.69 and its 200-day moving average is $10.90. GREAT ELM CAP C has a 52-week low of $10.25 and a 52-week high of $12.37.
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Hedge funds have recently made changes to their positions in the company. Moloney Securities Asset Management LLC bought a new position in GREAT ELM CAP C during the second quarter valued at $112,000. GRT Capital Partners L.L.C. bought a new position in GREAT ELM CAP C during the second quarter valued at $237,000. Royal Bank of Canada bought a new position in GREAT ELM CAP C during the second quarter valued at $512,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in GREAT ELM CAP C by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock valued at $538,000 after buying an additional 871 shares during the last quarter. 8.88% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. CIBC assumed coverage on shares of GREAT ELM CAP C in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price objective for the company. Oppenheimer Holdings, Inc. initiated coverage on shares of GREAT ELM CAP C in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $14.00 price objective for the company.
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