Great Elm Capital Corp. (NASDAQ:GECC) Declares $0.35 Quarterly Dividend

Great Elm Capital Corp. (NASDAQ:GECC) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Monday, December 16th will be paid a dividend of 0.35 per share by the financial services provider on Tuesday, December 31st. This represents a $1.40 annualized dividend and a yield of 14.33%. The ex-dividend date is Monday, December 16th.

Great Elm Capital has decreased its dividend payment by an average of 2.1% annually over the last three years. Great Elm Capital has a dividend payout ratio of 94.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Great Elm Capital to earn $1.48 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 94.6%.

Great Elm Capital Stock Up 0.9 %

Great Elm Capital stock opened at $9.77 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 1.38. The firm has a market cap of $102.10 million, a P/E ratio of 14.16 and a beta of 1.60. The business has a fifty day moving average of $10.16 and a two-hundred day moving average of $10.26. Great Elm Capital has a twelve month low of $8.83 and a twelve month high of $11.82.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $11.73 million for the quarter, compared to the consensus estimate of $11.08 million. Great Elm Capital had a return on equity of 11.40% and a net margin of 27.61%. On average, analysts forecast that Great Elm Capital will post 1.42 earnings per share for the current fiscal year.

Insider Transactions at Great Elm Capital

In other news, Director Matthew A. Drapkin purchased 9,600 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $9.92 per share, with a total value of $95,232.00. Following the completion of the acquisition, the director now owns 75,716 shares of the company’s stock, valued at $751,102.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Matthew A. Drapkin bought 3,189 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $10.01 per share, with a total value of $31,921.89. Following the transaction, the director now owns 64,806 shares in the company, valued at approximately $648,708.06. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew A. Drapkin purchased 9,600 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $9.92 per share, with a total value of $95,232.00. Following the acquisition, the director now owns 75,716 shares of the company’s stock, valued at approximately $751,102.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 10.20% of the company’s stock.

Great Elm Capital Company Profile

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.