Great Elm Cap C (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 11,892 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $10.15, for a total value of $120,703.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large 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 Monday, October 9th, Mast Capital Management, Llc sold 29,667 shares of Great Elm Cap C stock. The stock was sold at an average price of $10.32, for a total value of $306,163.44.
  • On Wednesday, October 4th, Mast Capital Management, Llc sold 18,605 shares of Great Elm Cap C stock. The stock was sold at an average price of $10.41, for a total value of $193,678.05.
  • 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 (GECC) traded down 1.27% during mid-day trading on Wednesday, hitting $10.09. The stock had a trading volume of 15,410 shares. The stock’s 50-day moving average price is $10.57 and its 200 day moving average price is $10.57. Great Elm Cap C has a 1-year low of $10.05 and a 1-year high of $12.37.

Great Elm Cap C (NASDAQ:GECC) last announced its quarterly earnings data on Monday, August 14th. The financial services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The business had revenue of $6.24 million for the quarter, compared to the consensus estimate of $5.20 million. Analysts forecast that Great Elm Cap C will post $0.97 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.083 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 9.87%.

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Hedge funds have recently made changes to their positions in the stock. Moloney Securities Asset Management LLC bought a new stake in shares of Great Elm Cap C during the 2nd quarter worth $112,000. GRT Capital Partners L.L.C. bought a new stake in shares of Great Elm Cap C during the 2nd quarter worth $237,000. Royal Bank of Canada bought a new stake in shares of Great Elm Cap C during the 2nd quarter worth $512,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Great Elm Cap C by 1.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after buying an additional 871 shares during the last quarter. Institutional investors and hedge funds own 8.91% of the company’s stock.

GECC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Great Elm Cap C from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, August 30th. CIBC initiated coverage on Great Elm Cap C in a research note on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. initiated coverage on Great Elm Cap C in a research note on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price objective for the company.

Insider Buying and Selling by Quarter for Great Elm Cap C (NASDAQ:GECC)

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