Equities analysts expect Great Elm Capital (NASDAQ:GECC) to post $6.75 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Great Elm Capital’s earnings, with the highest sales estimate coming in at $7.00 million and the lowest estimate coming in at $6.50 million. Great Elm Capital posted sales of $7.32 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Great Elm Capital will report full year sales of $6.75 million for the current year, with estimates ranging from $23.34 million to $26.40 million. For the next financial year, analysts anticipate that the company will post sales of $26.53 million per share, with estimates ranging from $25.45 million to $27.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Great Elm Capital.
Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Monday, March 12th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.31. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.93%. The company had revenue of $9.71 million during the quarter, compared to the consensus estimate of $6.02 million.
GECC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Great Elm Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. Ladenburg Thalmann initiated coverage on shares of Great Elm Capital in a research report on Thursday, March 15th. They set a “neutral” rating for the company. Finally, ValuEngine downgraded shares of Great Elm Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.50.
Shares of GECC stock traded up $0.01 during mid-day trading on Friday, reaching $9.22. 4,198 shares of the company were exchanged, compared to its average volume of 13,687. Great Elm Capital has a fifty-two week low of $8.76 and a fifty-two week high of $11.37. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $97.90, a P/E ratio of 6.07 and a beta of 0.51.
The business also recently declared a monthly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be given a dividend of $0.083 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.80%. The ex-dividend date is Friday, April 27th. Great Elm Capital’s payout ratio is currently 65.79%.
In other news, major shareholder Mast Capital Management, Llc sold 18,606 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $9.21, for a total transaction of $171,361.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 38,491 shares of company stock valued at $354,089 in the last three months.
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Great Elm Capital Company Profile
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
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