Key Points
- Great Elm Capital Group CEO Matthew Kaplan purchased 19,650 shares on Nov. 7 at $7.64 each (~$150,126), raising his stake to 142,400 shares — a 16.01% increase valued at about $1.09M.
- The firm declared a quarterly dividend of $0.37 per share (annualized $1.48), implying a ~18.9% yield; the ex-dividend date is Dec. 15 and payment is Dec. 31.
- Great Elm missed the latest quarter's expectations, reporting EPS of $0.20 vs. $0.24 forecast and revenue of $7.58M vs. $10.48M, and the stock carries a consensus "Hold" rating with an average target of ~$10.50.
Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) CEO Matthew Kaplan bought 19,650 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $7.64 per share, for a total transaction of $150,126.00. Following the completion of the purchase, the chief executive officer owned 142,400 shares of the company's stock, valued at approximately $1,087,936. This trade represents a 16.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Great Elm Capital Group Stock Up 1.3%
Shares of NASDAQ GECC opened at $7.84 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $109.76 million, a PE ratio of -14.00 and a beta of 0.91. Great Elm Capital Group, Inc. has a one year low of $7.18 and a one year high of $11.45. The business's fifty day moving average price is $9.20 and its 200-day moving average price is $10.24.
Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $7.58 million for the quarter, compared to analysts' expectations of $10.48 million. Great Elm Capital Group had a negative net margin of 17.08% and a positive return on equity of 10.97%. On average, equities research analysts anticipate that Great Elm Capital Group, Inc. will post 1.43 EPS for the current year.
Great Elm Capital Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 18.9%. The ex-dividend date is Monday, December 15th. Great Elm Capital Group's dividend payout ratio (DPR) is -264.29%.
Hedge Funds 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. Trust Co. of Toledo NA OH purchased a new stake in Great Elm Capital Group in the second quarter worth $41,000. Crestwood Advisors Group LLC lifted its position in shares of Great Elm Capital Group by 95.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 24,474 shares of the financial services provider's stock worth $245,000 after purchasing an additional 11,956 shares during the period. Finally, Ethos Financial Group LLC purchased a new position in shares of Great Elm Capital Group during the first quarter valued at about $268,000. Institutional investors own 38.75% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on GECC. Capital One Financial set a $11.00 price objective on shares of Great Elm Capital Group in a research report on Tuesday, September 30th. Wall Street Zen lowered Great Elm Capital Group from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Janney Montgomery Scott lowered their price target on shares of Great Elm Capital Group from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Great Elm Capital Group in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.50.
Check Out Our Latest Stock Analysis on GECC
Great Elm Capital Group Company Profile
(
Get Free Report)
Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.
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