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.
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.
Recommended Story: What is the return on assets formula?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with MarketBeat.com's FREE daily email newsletter.