Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Trading Down 0.1% – Here’s What Happened

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCIGet Free Report)’s share price was down 0.1% during mid-day trading on Thursday . The stock traded as low as $25.19 and last traded at $25.19. Approximately 422 shares changed hands during trading, a decline of 86% from the average daily volume of 3,082 shares. The stock had previously closed at $25.22.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

The business’s 50 day moving average is $25.28 and its 200 day moving average is $25.27.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.5313 per share. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 8.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. bought a new position in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCIFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.

Further Reading

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