Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Posted by ABMN Staff on Dec 30th, 2024

Great Elm Capital Corp. (NASDAQ:GECC – Get Free Report) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 29,900 shares, a decline of 34.7% from the November 30th total of 45,800 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 18,100 shares, the days-to-cover ratio is presently 1.7 days.

Great Elm Capital Stock Performance

Great Elm Capital stock opened at $10.56 on Monday. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31. The stock’s 50 day moving average is $10.20 and its 200 day moving average is $10.25. The company has a market capitalization of $110.35 million, a P/E ratio of 15.30 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83.

Great Elm Capital Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

Institutional Investors Weigh In On Great Elm Capital

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

About Great Elm Capital

(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.