Great Elm Capital (GECC) Stock Rating Lowered by Zacks Investment Research

Great Elm Capital (NASDAQ:GECC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Great Elm Capital Corp. is a diversified investment company. Its business line consists of investment management, financial products and merchant banking. Great Elm Capital Corp. is based in Baltimore, Maryland. “

Separately, Janney Montgomery Scott began coverage on Great Elm Capital in a report on Monday, November 6th. They issued a “neutral” rating and a $12.00 target price for the company.

Shares of Great Elm Capital (NASDAQ GECC) traded down $0.07 on Wednesday, hitting $10.12. The stock had a trading volume of 8,519 shares, compared to its average volume of 10,943. Great Elm Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.67. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.49.

In related news, insider Peter A. Reed bought 3,807 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $9.85 per share, with a total value of $37,498.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael C. Speller bought 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $9.40 per share, with a total value of $47,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 11,095 shares of company stock valued at $106,139 and sold 100,901 shares valued at $1,020,723.

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantum Capital Management acquired a new position in shares of Great Elm Capital in the 3rd quarter worth approximately $512,000. Royal Bank of Canada acquired a new stake in Great Elm Capital during the 2nd quarter valued at $512,000. Finally, GRT Capital Partners L.L.C. acquired a new stake in Great Elm Capital during the 2nd quarter valued at $237,000. 21.49% of the stock is owned by institutional investors and hedge funds.

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