Great Elm Capital (NASDAQ:GECC) Trading Up 0.4% Following Dividend Announcement

Posted by ABMN Staff on Feb 27th, 2025

Great Elm Capital Corp. (NASDAQ:GECC – Get Free Report)’s share price shot up 0.4% on Tuesday after the company announced a dividend. The stock traded as high as $11.20 and last traded at $11.19. 5,643 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 15,762 shares. The stock had previously closed at $11.15.

The newly announced dividend which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is presently 214.49%.

Great Elm Capital Stock Up 0.1 %

The stock has a market cap of $129.29 million, a price-to-earnings ratio of 16.23 and a beta of 1.57. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. The firm’s 50-day simple moving average is $10.66 and its two-hundred day simple moving average is $10.34.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GECC. Crestwood Advisors Group LLC bought a new stake in Great Elm Capital during the 3rd quarter worth about $127,000. Northern Trust Corp acquired a new position in Great Elm Capital in the fourth quarter valued at approximately $187,000. Two Sigma Securities LLC bought a new stake in shares of Great Elm Capital during the 4th quarter valued at $129,000. Northern Right Capital Management L.P. boosted its position in shares of Great Elm Capital by 29.7% in the 4th quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock worth $11,384,000 after purchasing an additional 237,367 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Great Elm Capital during the fourth quarter worth $176,000. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital 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.