Great Elm Capital (GECC) Expected to Announce Quarterly Sales of $6.75 Million

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION NOTICE: This piece was reported by Macon Daily and is the property of of Macon Daily. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at

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.

Get a free copy of the Zacks research report on Great Elm Capital (GECC)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Great Elm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Capital and related companies with's FREE daily email newsletter.

Leave a Reply