Great Elm Capital (NASDAQ:GECC) Stock Price Up 0.8% – Should You Buy?

Great Elm Capital Corp. (NASDAQ:GECC) shares shot up 0.8% during mid-day trading on Monday . The stock traded as high as $10.38 and last traded at $10.36. 11,570 shares were traded during trading, a decline of 34% from the average session volume of 17,529 shares. The stock had previously closed at $10.28.

Great Elm Capital Stock Up 0.8 %

The company’s 50-day moving average is $10.11 and its 200 day moving average is $10.24. The stock has a market capitalization of $108.26 million, a PE ratio of 15.01 and a beta of 1.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83.

Great Elm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.51%. The ex-dividend date of this dividend is Monday, December 16th. Great Elm Capital’s payout ratio is 202.90%.

Insider Buying and Selling

In other Great Elm Capital news, Director Matthew A. Drapkin acquired 9,600 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the completion of the transaction, the director now directly owns 75,716 shares of the company’s stock, valued at $751,102.72. This represents a 14.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new position in Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 38.75% of the company’s stock.

About Great Elm Capital

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.