Great Elm Capital Group (NASDAQ:GECC) Issues Earnings Results

Great Elm Capital Group (NASDAQ:GECC) released its quarterly earnings data on Wednesday. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11, FiscalAI reports. Great Elm Capital Group had a positive return on equity of 14.16% and a negative net margin of 70.13%.The company had revenue of $14.74 million for the quarter, compared to the consensus estimate of $11.32 million.

Great Elm Capital Group Price Performance

Shares of NASDAQ GECC traded down $0.13 during mid-day trading on Wednesday, hitting $5.16. 44,735 shares of the stock were exchanged, compared to its average volume of 46,040. Great Elm Capital Group has a twelve month low of $4.63 and a twelve month high of $11.45. The stock’s fifty day simple moving average is $5.53 and its two-hundred day simple moving average is $5.77. 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 cap of $71.68 million, a P/E ratio of -2.16 and a beta of 0.77.

Wall Street Analysts Forecast Growth

GECC has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Thursday, June 4th. Zacks Research lowered Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Great Elm Capital Group currently has a consensus rating of “Reduce” and a consensus price target of $10.50.

Institutional Investors Weigh In On Great Elm Capital Group

Large investors have recently bought and sold shares of the business. Papamarkou Wellner Asset Management inc. increased its stake in shares of Great Elm Capital Group by 54.9% in the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 30,200 shares of the financial services provider’s stock valued at $213,000 after buying an additional 10,700 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in Great Elm Capital Group in the 3rd quarter valued at about $145,000. Virtu Financial LLC bought a new position in shares of Great Elm Capital Group in the third quarter worth about $160,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Great Elm Capital Group in the third quarter worth about $169,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Great Elm Capital Group during the third quarter worth approximately $306,000. 38.75% of the stock is currently owned by institutional investors.

About Great Elm Capital Group

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.