Great Elm Capital Group (NASDAQ:GECC) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Great Elm Capital Group, Inc. (NASDAQ:GECC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.48 and traded as high as $5.98. Great Elm Capital Group shares last traded at $5.83, with a volume of 99,589 shares trading hands.

Analyst Ratings Changes

GECC has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research report on Thursday, June 4th. Zacks Research downgraded shares of Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.50.

Great Elm Capital Group Stock Performance

The company has a market capitalization of $80.98 million, a price-to-earnings ratio of -1.98 and a beta of 0.77. The stock has a fifty day moving average price of $5.48 and a two-hundred day moving average price of $5.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.47.

Great Elm Capital Group (NASDAQ:GECC) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $14.74 million for the quarter, compared to analyst estimates of $11.32 million. Great Elm Capital Group had a negative net margin of 87.74% and a positive return on equity of 13.87%. As a group, analysts forecast that Great Elm Capital Group, Inc. will post 1.1 EPS for the current fiscal year.

Great Elm Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 17.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Great Elm Capital Group’s dividend payout ratio is currently -33.90%.

Institutional Investors Weigh In On Great Elm Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GECC. Crestwood Advisors Group LLC boosted its position in shares of Great Elm Capital Group by 8.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 2,151 shares during the last quarter. Rangeley Capital LLC purchased a new position in Great Elm Capital Group in the first quarter valued at about $50,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Great Elm Capital Group during the 4th quarter valued at about $70,000. Papamarkou Wellner Asset Management inc. lifted its position in shares of Great Elm Capital Group by 54.9% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in Great Elm Capital Group in the third quarter valued at about $145,000. Hedge funds and other institutional investors own 38.75% of the company’s stock.

Great Elm Capital Group Company Profile

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.