Brokerages Anticipate Great Elm Capital Corp. (GECC) to Announce $0.29 Earnings Per Share

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

According to Zacks, 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 firm will report earnings of $1.24 per share, with EPS estimates ranging from $1.14 to $1.33. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Great Elm Capital.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Great Elm Capital from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, November 10th. ValuEngine cut Great Elm Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Janney Montgomery Scott assumed coverage on Great Elm Capital in a report on Monday, November 6th. They set a “neutral” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Great Elm Capital has a consensus rating of “Buy” and a consensus price target of $12.50.

Great Elm Capital (GECC) traded down $0.04 on Tuesday, hitting $9.11. The company had a trading volume of 13,700 shares, compared to its average volume of 13,456. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.61 and a current ratio of 0.61. Great Elm Capital has a 1-year low of $8.76 and a 1-year high of $11.67.

The business also recently announced a special dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were issued a dividend of $0.20 per share. This represents a yield of 9.78%. The ex-dividend date of this dividend was Thursday, December 28th.

In related news, insider Peter A. Reed bought 3,807 shares of the stock in a transaction on Friday, November 17th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $37,498.95. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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