Great Elm Capital Corp. (NASDAQ:GECC) Short Interest Update

Great Elm Capital Corp. (NASDAQ:GECC) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 16,200 shares, a drop of 13.8% from the September 30th total of 18,800 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are sold short.

Great Elm Capital Stock Down 3.5 %

GECC traded down $0.35 during trading on Thursday, reaching $9.68. The company had a trading volume of 20,321 shares, compared to its average volume of 17,922. The company has a market cap of $91.50 million, a P/E ratio of 4.40 and a beta of 1.60. Great Elm Capital has a 12 month low of $8.38 and a 12 month high of $11.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.30 and a quick ratio of 0.30. The business’s fifty day moving average price is $10.18 and its 200 day moving average price is $10.26.

Great Elm Capital (NASDAQ:GECC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $9.55 million for the quarter, compared to the consensus estimate of $9.77 million. Great Elm Capital had a return on equity of 11.40% and a net margin of 27.61%. During the same quarter last year, the company posted $0.44 EPS. Equities analysts anticipate that Great Elm Capital will post 1.42 EPS for the current year.

Insider Buying and Selling

In other news, Director Matthew A. Drapkin bought 9,600 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $9.92 per share, with a total value of $95,232.00. Following the completion of the purchase, the director now owns 75,716 shares of the company’s stock, valued at approximately $751,102.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Great Elm Capital news, Director Matthew A. Drapkin purchased 3,189 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were bought at an average price of $10.01 per share, with a total value of $31,921.89. Following the completion of the transaction, the director now directly owns 64,806 shares in the company, valued at $648,708.06. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew A. Drapkin acquired 9,600 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $9.92 per share, for a total transaction of $95,232.00. Following the acquisition, the director now directly owns 75,716 shares in the company, valued at $751,102.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GECC. Cruiser Capital Advisors LLC grew its position in Great Elm Capital by 28.8% in the first quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 21,422 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Great Elm Capital by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 3,214 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in Great Elm Capital during the third quarter valued at approximately $127,000. 38.75% of the stock is currently owned by institutional investors.

Great Elm Capital Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.