Great Elm Capital Group, Inc. (NASDAQ:GECC) Shareholders to Collect $0.25 Quarterly Dividend

Great Elm Capital Group, Inc. (NASDAQ:GECC) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.25 per share by the financial services provider on Thursday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 20.0%. The ex-dividend date of this dividend is Tuesday, December 15th.

Great Elm Capital Group has decreased its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Great Elm Capital Group has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Great Elm Capital Group to earn $0.86 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 116.3%.

Great Elm Capital Group Stock Up 1.0%

Shares of NASDAQ GECC opened at $5.00 on Tuesday. The stock has a market cap of $69.45 million, a P/E ratio of 4.19 and a beta of 0.82. The business’s fifty day simple moving average is $5.36 and its 200-day simple moving average is $5.68. Great Elm Capital Group has a 12-month low of $4.63 and a 12-month high of $8.14. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.47.

Great Elm Capital Group (NASDAQ:GECC) last released its earnings results on Monday, November 2nd. The financial services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Great Elm Capital Group had a positive return on equity of 13.87% and a negative net margin of 87.74%. The company had revenue of $8.69 million for the quarter, compared to analyst estimates of $9.59 million. As a group, equities analysts predict that Great Elm Capital Group will post 1.10 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Tuesday, September 1st. Zacks Research downgraded shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $10.00.

About Great Elm Capital Group

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.