Janney Montgomery Scott Begins Coverage on Great Elm Cap C (GECC)
Research analysts at Janney Montgomery Scott started coverage on shares of Great Elm Cap C (NASDAQ:GECC) in a research report issued to clients and investors on Monday. The brokerage set a “neutral” rating on the financial services provider’s stock.
Separately, Zacks Investment Research lowered Great Elm Cap C from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th.
Great Elm Cap C (NASDAQ:GECC) opened at $10.02 on Monday. Great Elm Cap C has a twelve month low of $9.98 and a twelve month high of $12.37.
Great Elm Cap C (NASDAQ:GECC) last issued its quarterly earnings data on Monday, August 14th. The financial services provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.09. The business had revenue of $6.24 million for the quarter, compared to analysts’ expectations of $5.20 million. equities analysts predict that Great Elm Cap C will post 1.12 EPS for the current year.
In related news, major shareholder Mast Capital Management, Llc sold 49,156 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $10.11, for a total value of $496,967.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 334,105 shares of company stock valued at $3,469,865 in the last 90 days.
A number of large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its position in Great Elm Cap C by 1.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after buying an additional 871 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in Great Elm Cap C in the 2nd quarter worth approximately $112,000. GRT Capital Partners L.L.C. bought a new stake in Great Elm Cap C in the 2nd quarter worth approximately $237,000. Finally, Royal Bank of Canada bought a new stake in Great Elm Cap C in the 2nd quarter worth approximately $512,000. Institutional investors own 9.51% of the company’s stock.
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