Great Elm Capital (NASDAQ:GECC) Issues Earnings Results

Great Elm Capital (NASDAQ:GECC) released its quarterly earnings results on Monday. The financial services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15), Zacks reports. The firm had revenue of $9.10 million for the quarter, compared to analysts’ expectations of $11.46 million. Great Elm Capital had a net margin of 15.00% and a return on equity of 11.60%. During the same quarter in the previous year, the business earned $0.55 EPS.

Great Elm Capital Stock Performance

Great Elm Capital stock opened at $10.52 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $121.44 million, a PE ratio of 15.25 and a beta of 1.52. The firm has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $10.41. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.39.

Great Elm Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio is presently 214.49%.

About Great Elm Capital

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.