Zacks: Analysts Expect Great Elm Capital Corp. (GECC) to Post $0.29 EPS

Wall Street analysts expect that Great Elm Capital Corp. (NASDAQ:GECC) will post $0.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Great Elm Capital’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Great Elm Capital will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.20 to $1.23. For the next fiscal year, analysts expect that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $1.14 to $1.33. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Great Elm Capital.

Several equities research analysts have weighed in on GECC shares. Zacks Investment Research cut Great Elm Capital from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Janney Montgomery Scott assumed coverage on Great Elm Capital in a research report on Monday, November 6th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, ValuEngine lowered Great Elm Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Great Elm Capital presently has a consensus rating of “Buy” and a consensus target price of $12.50.

Shares of Great Elm Capital (NASDAQ:GECC) traded up $0.02 during mid-day trading on Tuesday, hitting $9.83. The company’s stock had a trading volume of 3,821 shares, compared to its average volume of 12,336. Great Elm Capital has a twelve month low of $8.76 and a twelve month high of $11.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.61 and a quick ratio of 0.61.

The business also recently declared a special dividend, which was paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th were given a $0.20 dividend. This represents a dividend yield of 9.78%. The ex-dividend date of this dividend was Thursday, December 28th.

An institutional investor recently bought a new position in Great Elm Capital stock. Quantum Capital Management purchased a new position in Great Elm Capital Corp. (NASDAQ:GECC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,056 shares of the financial services provider’s stock, valued at approximately $512,000. Quantum Capital Management owned approximately 0.46% of Great Elm Capital at the end of the most recent quarter. Hedge funds and other institutional investors own 21.49% of the company’s stock.

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