Great Elm Cap C (NASDAQ:GECC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Great Elm Capital Corp. is a diversified investment company. Its business line consists of investment management, financial products and merchant banking. Great Elm Capital Corp. is based in Baltimore, Maryland. “

GECC has been the subject of several other research reports. Oppenheimer Holdings, Inc. initiated coverage on shares of Great Elm Cap C in a research report on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price target for the company. CIBC initiated coverage on shares of Great Elm Cap C in a research report on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price target for the company.

Great Elm Cap C (NASDAQ:GECC) traded down 1.07% on Monday, reaching $10.21. 13,613 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $10.51 and a 200-day moving average of $10.71. Great Elm Cap C has a 12-month low of $9.98 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $6.24 million for the quarter, compared to analysts’ expectations of $5.20 million. On average, analysts expect that Great Elm Cap C will post $0.97 earnings per share for the current fiscal year.

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In related news, major shareholder Mast Capital Management, Llc sold 12,761 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.78, for a total transaction of $137,563.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 332,904 shares of company stock valued at $3,457,615 in the last ninety days.

A number of hedge funds have recently modified their holdings of GECC. Moloney Securities Asset Management LLC acquired a new position in Great Elm Cap C during the second quarter worth approximately $112,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Great Elm Cap C by 1.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,669 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 871 shares in the last quarter. GRT Capital Partners L.L.C. acquired a new stake in shares of Great Elm Cap C in the second quarter worth $237,000. Finally, Royal Bank of Canada acquired a new stake in shares of Great Elm Cap C in the second quarter worth $512,000. 9.54% of the stock is owned by hedge funds and other institutional investors.

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