Great Elm Capital Corp. (GECC) Expected to Post Earnings of $0.29 Per Share

Equities analysts forecast that Great Elm Capital Corp. (NASDAQ:GECC) will announce earnings per share of $0.29 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Great Elm Capital’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.27. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Great Elm Capital will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.23. For the next year, analysts expect that the business will report earnings of $1.24 per share, with EPS estimates ranging from $1.14 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Great Elm Capital.

Great Elm Capital (NASDAQ:GECC) last announced its earnings results on Monday, November 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.07.

GECC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Great Elm Capital from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, November 10th. Janney Montgomery Scott initiated coverage on Great Elm Capital in a research report on Monday, November 6th. They issued a “neutral” rating and a $12.00 price objective for the company.

In other Great Elm Capital news, insider Peter A. Reed acquired 3,807 shares of the stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of $9.85 per share, with a total value of $37,498.95. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael C. Speller acquired 5,000 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $9.40 per share, with a total value of $47,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 11,095 shares of company stock valued at $106,139 in the last three months.

An institutional investor recently bought a new position in Great Elm Capital stock. Quantum Capital Management purchased a new position in shares of Great Elm Capital Corp. (NASDAQ:GECC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,056 shares of the financial services provider’s stock, valued at approximately $512,000. Quantum Capital Management owned 0.46% of Great Elm Capital as of its most recent filing with the Securities and Exchange Commission. 21.49% of the stock is currently owned by hedge funds and other institutional investors.

Great Elm Capital (NASDAQ GECC) remained flat at $$10.32 during trading on Friday. The company’s stock had a trading volume of 7,570 shares, compared to its average volume of 15,004. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.61 and a quick ratio of 0.61. Great Elm Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.67.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.083 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.65%.

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