Cruiser Capital Advisors LLC Raises Stake in Great Elm Capital Corp. (NASDAQ:GECC)

Cruiser Capital Advisors LLC lifted its position in shares of Great Elm Capital Corp. (NASDAQ:GECCFree Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,426 shares of the financial services provider’s stock after buying an additional 3,615 shares during the quarter. Great Elm Capital makes up 1.2% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position. Cruiser Capital Advisors LLC owned about 1.62% of Great Elm Capital worth $792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GECC. Acadian Asset Management LLC boosted its position in shares of Great Elm Capital by 99.8% in the third quarter. Acadian Asset Management LLC now owns 43,785 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 21,871 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Great Elm Capital in the third quarter worth approximately $143,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Great Elm Capital in the fourth quarter worth approximately $127,000. 38.75% of the stock is currently owned by hedge funds and other institutional investors.

Great Elm Capital Trading Up 2.6 %

Shares of GECC traded up $0.26 during mid-day trading on Tuesday, hitting $10.45. The company had a trading volume of 12,775 shares, compared to its average volume of 17,523. The business’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $10.55. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.22. Great Elm Capital Corp. has a 1-year low of $7.51 and a 1-year high of $11.82. The stock has a market cap of $98.75 million, a PE ratio of 4.75 and a beta of 1.58.

Great Elm Capital (NASDAQ:GECCGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). The business had revenue of $8.91 million for the quarter, compared to analyst estimates of $9.14 million. Great Elm Capital had a net margin of 46.02% and a return on equity of 12.63%. Sell-side analysts forecast that Great Elm Capital Corp. will post 1.5 earnings per share for the current year.

Great Elm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.40 dividend on an annualized basis and a yield of 13.40%. Great Elm Capital’s dividend payout ratio (DPR) is 63.64%.

Great Elm Capital Profile

(Free Report)

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.

Featured Stories

Want to see what other hedge funds are holding GECC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Elm Capital Corp. (NASDAQ:GECCFree Report).

Institutional Ownership by Quarter for Great Elm Capital (NASDAQ:GECC)

Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with MarketBeat.com's FREE daily email newsletter.