Virtu Financial LLC Buys Shares of 16,040 Great Elm Capital Corp. (NASDAQ:GECC)

Virtu Financial LLC purchased a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) during the 4th quarter, HoldingsChannel reports. The firm purchased 16,040 shares of the financial services provider’s stock, valued at approximately $176,000.

Great Elm Capital Trading Up 3.8 %

Shares of NASDAQ:GECC opened at $10.40 on Friday. Great Elm Capital Corp. has a 1 year low of $9.55 and a 1 year high of $11.39. The firm has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.39. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $120.06 million, a PE ratio of 15.07 and a beta of 1.52.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. The company had revenue of $9.10 million for the quarter, compared to analyst estimates of $11.46 million. During the same period in the prior year, the company posted $0.55 EPS. Analysts expect that Great Elm Capital Corp. will post 1.43 EPS for the current fiscal year.

Great Elm Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital’s payout ratio is 477.42%.

Great Elm Capital Profile

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.