Great Elm Capital Corp (NASDAQ:GECC) Major Shareholder Mast Capital Management, Llc Sells 18,500 Shares

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 18,500 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $8.81, for a total transaction of $162,985.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, June 4th, Mast Capital Management, Llc sold 71,300 shares of Great Elm Capital stock. The shares were sold at an average price of $8.58, for a total transaction of $611,754.00.
  • On Thursday, May 30th, Mast Capital Management, Llc sold 21,100 shares of Great Elm Capital stock. The stock was sold at an average price of $8.88, for a total transaction of $187,368.00.
  • On Friday, May 24th, Mast Capital Management, Llc sold 274,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.62, for a total transaction of $2,361,880.00.
  • On Thursday, May 16th, Mast Capital Management, Llc sold 149,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.68, for a total transaction of $1,293,320.00.
  • On Monday, May 13th, Mast Capital Management, Llc sold 8,800 shares of Great Elm Capital stock. The stock was sold at an average price of $8.41, for a total transaction of $74,008.00.
  • On Wednesday, April 24th, Mast Capital Management, Llc sold 48,000 shares of Great Elm Capital stock. The stock was sold at an average price of $8.39, for a total transaction of $402,720.00.
  • On Thursday, April 18th, Mast Capital Management, Llc sold 37,100 shares of Great Elm Capital stock. The stock was sold at an average price of $8.35, for a total transaction of $309,785.00.
  • On Monday, April 1st, Mast Capital Management, Llc sold 115,200 shares of Great Elm Capital stock. The stock was sold at an average price of $8.21, for a total transaction of $945,792.00.
  • On Tuesday, March 26th, Mast Capital Management, Llc sold 221,200 shares of Great Elm Capital stock. The stock was sold at an average price of $8.23, for a total transaction of $1,820,476.00.
  • On Friday, March 22nd, Mast Capital Management, Llc sold 24,000 shares of Great Elm Capital stock. The shares were sold at an average price of $8.26, for a total transaction of $198,240.00.

NASDAQ GECC traded down $0.06 during mid-day trading on Friday, hitting $8.80. The company’s stock had a trading volume of 30,800 shares, compared to its average volume of 64,063. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.09 and a current ratio of 0.09. Great Elm Capital Corp has a 52-week low of $7.47 and a 52-week high of $10.07. The firm has a market capitalization of $91.51 million, a price-to-earnings ratio of 6.11 and a beta of 0.72.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Tuesday, May 14th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Great Elm Capital had a net margin of 11.68% and a return on equity of 11.94%. The company had revenue of $6.31 million during the quarter, compared to the consensus estimate of $6.71 million. Sell-side analysts forecast that Great Elm Capital Corp will post 1 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.083 dividend. This represents a $1.00 annualized dividend and a yield of 11.32%. The ex-dividend date of this dividend is Tuesday, July 30th. Great Elm Capital’s dividend payout ratio (DPR) is 69.44%.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in Great Elm Capital in the first quarter valued at approximately $64,000. Stilwell Value LLC acquired a new stake in shares of Great Elm Capital during the fourth quarter worth approximately $141,000. Two Sigma Investments LP acquired a new stake in shares of Great Elm Capital during the fourth quarter worth approximately $155,000. Acadian Asset Management LLC grew its position in shares of Great Elm Capital by 30.1% during the fourth quarter. Acadian Asset Management LLC now owns 21,968 shares of the financial services provider’s stock worth $173,000 after buying an additional 5,083 shares in the last quarter. Finally, B. Riley Financial Inc. acquired a new stake in shares of Great Elm Capital during the fourth quarter worth approximately $261,000. 15.22% of the stock is owned by institutional investors.

Several research analysts recently commented on GECC shares. Zacks Investment Research lowered shares of Great Elm Capital from a “hold” rating to a “sell” rating in a report on Monday, March 18th. ValuEngine upgraded shares of Great Elm Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st.

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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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Insider Buying and Selling by Quarter for Great Elm Capital (NASDAQ:GECC)

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