ValuEngine Lowers Great Elm Capital (NASDAQ:GECC) to Sell

Great Elm Capital (NASDAQ:GECC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th.

Shares of NASDAQ GECC traded down $0.12 during mid-day trading on Thursday, hitting $8.65. The stock had a trading volume of 100,621 shares, compared to its average volume of 59,945. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.67. Great Elm Capital has a 1 year low of $7.47 and a 1 year high of $10.07. The business’s 50 day moving average price is $8.76. The stock has a market capitalization of $90.17 million, a price-to-earnings ratio of 6.01 and a beta of 0.71.

Great Elm Capital (NASDAQ:GECC) last issued its earnings results on Tuesday, May 14th. The financial services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Great Elm Capital had a net margin of 11.68% and a return on equity of 11.94%. The company had revenue of $6.31 million for the quarter, compared to the consensus estimate of $6.71 million. On average, sell-side analysts predict that Great Elm Capital will post 1 EPS for the current fiscal year.

In related news, insider Adam M. Kleinman purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $8.50 per share, for a total transaction of $85,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter A. Reed purchased 3,143 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was bought at an average price of $8.50 per share, for a total transaction of $26,715.50. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 15,143 shares of company stock worth $128,876 and sold 542,700 shares worth $4,691,315. Insiders own 1.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. boosted its holdings in Great Elm Capital by 35.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 476,495 shares of the financial services provider’s stock valued at $3,936,000 after acquiring an additional 123,595 shares in the last quarter. Quantum Capital Management boosted its holdings in Great Elm Capital by 1.3% in the first quarter. Quantum Capital Management now owns 297,753 shares of the financial services provider’s stock valued at $2,459,000 after acquiring an additional 3,939 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in Great Elm Capital in the first quarter valued at $1,247,000. Monarch Partners Asset Management LLC boosted its holdings in Great Elm Capital by 27.0% in the first quarter. Monarch Partners Asset Management LLC now owns 59,027 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 12,541 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in Great Elm Capital in the fourth quarter valued at $155,000. Institutional investors and hedge funds own 15.00% of the company’s stock.

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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