Great Elm Capital Group (NASDAQ:GECC) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Great Elm Capital Group, Inc. (NASDAQ:GECC) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.56 and traded as low as $5.10. Great Elm Capital Group shares last traded at $5.17, with a volume of 41,437 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Thursday, June 4th. Zacks Research cut Great Elm Capital Group from a “strong-buy” rating to a “hold” rating in a research report 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 stock. According to data from MarketBeat.com, Great Elm Capital Group currently has an average rating of “Reduce” and a consensus target price of $10.50.

Great Elm Capital Group Stock Down 2.5%

The firm’s 50 day simple moving average is $5.53 and its 200 day simple moving average is $5.77. The company has a market cap of $71.67 million, a price-to-earnings ratio of -2.16 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.57.

Great Elm Capital Group (NASDAQ:GECC) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.11. Great Elm Capital Group had a positive return on equity of 14.16% and a negative net margin of 70.13%.The business had revenue of $14.74 million during the quarter, compared to the consensus estimate of $11.32 million. Sell-side analysts anticipate that Great Elm Capital Group, Inc. will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in shares of Great Elm Capital Group in the third quarter worth $306,000. Virtu Financial LLC bought a new stake in shares of Great Elm Capital Group during the third quarter valued at about $160,000. Schonfeld Strategic Advisors LLC acquired a new stake in Great Elm Capital Group in the third quarter worth about $169,000. Kestra Private Wealth Services LLC bought a new position in Great Elm Capital Group in the 3rd quarter valued at about $145,000. Finally, Crestwood Advisors Group LLC grew its position in Great Elm Capital Group by 8.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 26,625 shares of the financial services provider’s stock valued at $188,000 after buying an additional 2,151 shares in the last quarter. Institutional investors and hedge funds own 38.75% of the company’s stock.

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.