Great Elm Capital Corp (GECC) Major Shareholder Mast Capital Management, Llc Sells 7,100 Shares

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 7,100 shares of the stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $7.95, for a total value of $56,445.00. The transaction was disclosed in a filing with the SEC, which is accessible 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 Tuesday, January 8th, Mast Capital Management, Llc sold 43,890 shares of Great Elm Capital stock. The stock was sold at an average price of $7.90, for a total value of $346,731.00.
  • On Thursday, January 3rd, Mast Capital Management, Llc sold 1,225 shares of Great Elm Capital stock. The stock was sold at an average price of $7.99, for a total value of $9,787.75.
  • On Monday, December 31st, Mast Capital Management, Llc sold 1,625 shares of Great Elm Capital stock. The stock was sold at an average price of $8.01, for a total value of $13,016.25.
  • On Thursday, December 13th, Mast Capital Management, Llc sold 862 shares of Great Elm Capital stock. The stock was sold at an average price of $8.16, for a total value of $7,033.92.
  • On Tuesday, December 11th, Mast Capital Management, Llc sold 5,100 shares of Great Elm Capital stock. The stock was sold at an average price of $8.17, for a total value of $41,667.00.
  • 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.

NASDAQ:GECC traded down $0.02 during trading hours on Friday, hitting $7.92. 24,205 shares of the stock were exchanged, compared to its average volume of 35,726. Great Elm Capital Corp has a twelve month low of $7.47 and a twelve month high of $10.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $84.58 million, a price-to-earnings ratio of 5.21 and a beta of 0.85.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.083 per share. This represents a $1.00 annualized dividend and a yield of 12.58%. The ex-dividend date is Wednesday, January 30th. Great Elm Capital’s dividend payout ratio is 65.79%.

Separately, Zacks Investment Research downgraded Great Elm Capital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th.

An institutional investor recently raised its position in Great Elm Capital stock. Acadian Asset Management LLC lifted its position in Great Elm Capital Corp (NASDAQ:GECC) by 103.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,885 shares of the financial services provider’s stock after acquiring an additional 8,578 shares during the quarter. Acadian Asset Management LLC owned 0.16% of Great Elm Capital worth $164,000 as of its most recent SEC filing. 5.32% of the stock is owned by institutional investors and hedge funds.

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Great Elm Capital Company Profile

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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