Great Elm Capital Group (NASDAQ:GECC) Rating Increased to Strong-Buy at Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Clear Str downgraded Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.50.

Great Elm Capital Group Stock Down 1.9%

Great Elm Capital Group stock opened at $6.08 on Tuesday. The stock has a 50-day simple moving average of $5.53 and a 200-day simple moving average of $6.34. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $84.45 million, a P/E ratio of -2.54 and a beta of 0.75. Great Elm Capital Group has a fifty-two week low of $4.63 and a fifty-two week high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of ($1.91) million during the quarter, compared to the consensus estimate of $10.74 million. Great Elm Capital Group had a positive return on equity of 14.16% and a negative net margin of 70.13%. Equities research analysts expect that Great Elm Capital Group will post 1.1 earnings per share for the current year.

Hedge Funds Weigh In On Great Elm Capital Group

A number of large investors have recently modified their holdings of the business. Crestwood Advisors Group LLC raised its stake in shares of Great Elm Capital Group by 8.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock worth $188,000 after buying an additional 2,151 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Great Elm Capital Group during the 4th quarter worth approximately $70,000. Rangeley Capital LLC purchased a new position in shares of Great Elm Capital Group during the 1st quarter worth approximately $50,000. Papamarkou Wellner Asset Management inc. raised its stake in shares of Great Elm Capital Group by 54.9% during the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock worth $213,000 after buying an additional 10,700 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Great Elm Capital Group during the 3rd quarter worth approximately $145,000. 38.75% of the stock is owned by hedge funds and other institutional investors.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.