Great Elm Capital (NASDAQ:GECC) Trading 0.4% Higher Following Dividend Announcement

Great Elm Capital Corp. (NASDAQ:GECC)’s share price rose 0.4% on Tuesday following a dividend announcement from the company. The company traded as high as $11.20 and last traded at $11.19. Approximately 5,643 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 15,762 shares. The stock had previously closed at $11.15.

The newly announced dividend which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.05 dividend. The ex-dividend date was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is presently 214.49%.

Great Elm Capital Price Performance

The company has a market capitalization of $129.18 million, a PE ratio of 16.22 and a beta of 1.57. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 1.83. The stock has a fifty day simple moving average of $10.63 and a 200-day simple moving average of $10.33.

Institutional Trading of Great Elm Capital

Several institutional investors have recently modified their holdings of the stock. Northern Trust Corp purchased a new position in shares of Great Elm Capital in the 4th quarter valued at $187,000. Northern Right Capital Management L.P. grew its holdings in shares of Great Elm Capital by 29.7% during the fourth quarter. Northern Right Capital Management L.P. now owns 1,035,838 shares of the financial services provider’s stock worth $11,384,000 after purchasing an additional 237,367 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Great Elm Capital during the fourth quarter worth about $129,000. Virtu Financial LLC purchased a new stake in shares of Great Elm Capital in the 4th quarter valued at about $176,000. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Great Elm Capital in the 3rd quarter valued at about $127,000. Hedge funds and other institutional investors own 38.75% of the company’s stock.

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.