Great Elm Capital Group (NASDAQ:GECC) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Great Elm Capital Group (NASDAQ:GECC) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Great Elm Capital Group in a research report on Saturday, September 27th. Capital One Financial set a $11.00 target price on Great Elm Capital Group in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $11.00.

Great Elm Capital Group Stock Performance

NASDAQ GECC opened at $8.84 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $102.28 million, a P/E ratio of 5.67 and a beta of 0.98. The stock has a 50-day moving average of $11.00 and a two-hundred day moving average of $10.64. Great Elm Capital Group has a 1-year low of $8.63 and a 1-year high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. The business had revenue of $14.28 million during the quarter, compared to analyst estimates of $13.25 million. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.49%. As a group, analysts anticipate that Great Elm Capital Group will post 1.43 EPS for the current year.

Great Elm Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 16.7%. Great Elm Capital Group’s dividend payout ratio is 94.87%.

Institutional Investors Weigh In On Great Elm Capital Group

An institutional investor recently bought a new position in Great Elm Capital Group stock. Trust Co. of Toledo NA OH acquired a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,874 shares of the financial services provider’s stock, valued at approximately $41,000. 38.75% of the stock is owned by institutional investors.

About Great Elm Capital Group

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.