Great Elm Capital Group (NASDAQ:GECC) Stock Rating Lowered by Zacks Research

Great Elm Capital Group (NASDAQ:GECC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Great Elm Capital Group in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Great Elm Capital Group Stock Performance

Shares of GECC opened at $5.02 on Wednesday. The stock’s 50-day simple moving average is $5.31 and its 200 day simple moving average is $5.65. Great Elm Capital Group has a 52-week low of $4.63 and a 52-week high of $8.14. The stock has a market capitalization of $68.57 million, a price-to-earnings ratio of -3.44 and a beta of 0.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.93 and a current ratio of 1.61.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings results on Monday, November 2nd. The financial services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Great Elm Capital Group had a positive return on equity of 15.01% and a negative net margin of 49.20%. The firm had revenue of $8.69 million during the quarter, compared to the consensus estimate of $9.59 million. Research analysts forecast that Great Elm Capital Group will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Great Elm Capital Group stock. Rangeley Capital LLC bought a new stake in Great Elm Capital Group, Inc. (NASDAQ:GECC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the financial services provider’s stock, valued at approximately $50,000. Rangeley Capital LLC owned 0.07% of Great Elm Capital Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 38.75% of the company’s stock.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.