GREAT ELM CAP C (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 18,605 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $10.41, for a total value of $193,678.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

  • On Friday, September 29th, Mast Capital Management, Llc sold 82,780 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.47, for a total value of $866,706.60.
  • On Tuesday, September 26th, Mast Capital Management, Llc sold 17,223 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.58, for a total value of $182,219.34.
  • On Thursday, September 21st, Mast Capital Management, Llc sold 59,676 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.65, for a total value of $635,549.40.
  • On Friday, September 15th, Mast Capital Management, Llc sold 12,761 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.78, for a total value of $137,563.58.
  • On Friday, September 8th, Mast Capital Management, Llc sold 600 shares of GREAT ELM CAP C stock. The stock was sold at an average price of $10.93, for a total value of $6,558.00.

Shares of GREAT ELM CAP C (NASDAQ GECC) remained flat at $10.36 during mid-day trading on Wednesday. The company had a trading volume of 6,868 shares. GREAT ELM CAP C has a 52-week low of $10.35 and a 52-week high of $11.82. The stock has a 50 day moving average price of $10.66 and a 200-day moving average price of $10.66.

GREAT ELM CAP C (NASDAQ:GECC) last posted its quarterly earnings results on Monday, August 14th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. The business had revenue of $6.24 million during the quarter, compared to analyst estimates of $5.20 million. Equities analysts forecast that GREAT ELM CAP C will post $0.97 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.083 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 9.61%.

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Several research analysts have recently weighed in on the company. CIBC assumed coverage on GREAT ELM CAP C in a research note on Wednesday, June 28th. They set an “outperform” rating and a $14.00 target price for the company. Zacks Investment Research raised GREAT ELM CAP C from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. assumed coverage on GREAT ELM CAP C in a research note on Wednesday, June 28th. They set an “outperform” rating and a $14.00 target price for the company.

Hedge funds have recently modified their holdings of the stock. Moloney Securities Asset Management LLC acquired a new position in GREAT ELM CAP C during the second quarter worth $112,000. Cambridge Investment Research Advisors Inc. raised its holdings in GREAT ELM CAP C by 1.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 871 shares during the last quarter. GRT Capital Partners L.L.C. acquired a new position in GREAT ELM CAP C during the second quarter worth $237,000. Finally, Royal Bank of Canada acquired a new position in GREAT ELM CAP C during the second quarter worth $512,000. 8.91% of the stock is owned by hedge funds and other institutional investors.

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