Brokerages predict that Great Elm Capital Corp (NASDAQ:GECC) will announce sales of $6.57 million for the current quarter, according to Zacks. Two analysts have made estimates for Great Elm Capital’s earnings. The lowest sales estimate is $6.55 million and the highest is $6.60 million. Great Elm Capital posted sales of $9.71 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 32.3%. The company is expected to issue its next quarterly earnings report on Monday, March 11th.

On average, analysts expect that Great Elm Capital will report full year sales of $27.44 million for the current financial year, with estimates ranging from $27.39 million to $27.50 million. For the next financial year, analysts expect that the company will post sales of $26.30 million, with estimates ranging from $26.19 million to $26.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Great Elm Capital.

Separately, Zacks Investment Research raised shares of Great Elm Capital from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Monday, February 4th.

GECC stock traded down $0.07 during trading on Friday, reaching $8.14. 55,437 shares of the stock were exchanged, compared to its average volume of 48,503. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.10 and a quick ratio of 0.10. Great Elm Capital has a 1 year low of $7.47 and a 1 year high of $10.07. The company has a market capitalization of $90.54 million, a PE ratio of 5.36 and a beta of 0.78.

The company also recently announced a monthly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.24%. The ex-dividend date of this dividend was Wednesday, January 30th. Great Elm Capital’s dividend payout ratio (DPR) is presently 65.79%.

In other Great Elm Capital news, major shareholder Mast Capital Management, Llc sold 43,890 shares of Great Elm Capital stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $7.90, for a total transaction of $346,731.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 423,551 shares of company stock worth $3,447,755 over the last ninety days. 0.27% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Quantum Capital Management raised its stake in shares of Great Elm Capital by 68.9% in the 4th quarter. Quantum Capital Management now owns 293,814 shares of the financial services provider’s stock valued at $2,306,000 after acquiring an additional 119,894 shares during the period. OTA Financial Group L.P. purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at approximately $992,000. Monarch Partners Asset Management LLC purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at approximately $365,000. B. Riley Financial Inc. purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at approximately $261,000. Finally, Acadian Asset Management LLC raised its stake in shares of Great Elm Capital by 30.1% in the 4th quarter. Acadian Asset Management LLC now owns 21,968 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 5,083 shares during the period. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Great Elm Capital Company Profile

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

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