Great Elm Capital Corp (GECC) Major Shareholder Mast Capital Management, Llc Sells 5,100 Shares

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 5,100 shares of the company’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $8.17, for a total value of $41,667.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

  • On Friday, December 7th, Mast Capital Management, Llc sold 2,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.25, for a total value of $16,500.00.
  • On Monday, October 22nd, Mast Capital Management, Llc sold 2,276,279 shares of Great Elm Capital stock. The stock was sold at an average price of $7.55, for a total value of $17,185,906.45.

GECC traded down $0.07 during trading on Wednesday, reaching $8.07. 18,100 shares of the company were exchanged, compared to its average volume of 41,816. The stock has a market capitalization of $87.24 million, a price-to-earnings ratio of 5.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. Great Elm Capital Corp has a 12-month low of $7.76 and a 12-month high of $10.44.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $6.18 million for the quarter, compared to analysts’ expectations of $6.96 million. Great Elm Capital had a return on equity of 14.91% and a net margin of 27.93%. On average, research analysts forecast that Great Elm Capital Corp will post 1.45 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Great Elm Capital from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, August 15th.

A hedge fund recently raised its stake in Great Elm Capital stock. Quantum Capital Management increased its stake in shares of Great Elm Capital Corp (NASDAQ:GECC) by 6.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 135,988 shares of the financial services provider’s stock after purchasing an additional 8,197 shares during the period. Quantum Capital Management owned 1.28% of Great Elm Capital worth $1,257,000 as of its most recent SEC filing. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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About Great Elm Capital

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

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