Great Elm Capital Corp. (GECC) Expected to Announce Quarterly Sales of $6.02 Million

Analysts predict that Great Elm Capital Corp. (NASDAQ:GECC) will report sales of $6.02 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Great Elm Capital’s earnings, with the lowest sales estimate coming in at $5.99 million and the highest estimate coming in at $6.05 million. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Great Elm Capital will report full-year sales of $6.02 million for the current year, with estimates ranging from $25.50 million to $26.06 million. For the next financial year, analysts expect that the firm will report sales of $25.44 million per share, with estimates ranging from $25.10 million to $25.78 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Great Elm Capital.

Great Elm Capital (NASDAQ:GECC) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Great Elm Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Janney Montgomery Scott assumed coverage on shares of Great Elm Capital in a research report on Monday, November 6th. They set a “neutral” rating and a $12.00 price target for the company.

Shares of Great Elm Capital (NASDAQ:GECC) opened at $10.32 on Monday. Great Elm Capital has a 1 year low of $8.76 and a 1 year high of $11.67. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.49.

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

In related news, Director Michael C. Speller purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $9.40 per share, with a total value of $47,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter A. Reed purchased 3,807 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were bought at an average cost of $9.85 per share, with a total value of $37,498.95. The disclosure for this purchase can be found here. Insiders have bought 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 acquired a new position in 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 (SEC). The fund acquired 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 at the end of the most recent reporting period. 21.49% of the stock is owned by institutional investors and hedge funds.

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