Great Elm Capital (NASDAQ:GECC) Stock Price Up 0.4% After Dividend Announcement

Great Elm Capital Corp. (NASDAQ:GECC)’s stock price shot up 0.4% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $11.20 and last traded at $11.19. 5,643 shares traded hands during mid-day trading, a decline of 64% from the average session 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 given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. Great Elm Capital’s dividend payout ratio (DPR) is 214.49%.

Great Elm Capital Stock Performance

The company has a market cap of $129.18 million, a PE ratio of 16.22 and a beta of 1.57. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. The stock’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $10.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new stake in Great Elm Capital in the 4th quarter valued at approximately $129,000. Crestwood Advisors Group LLC acquired a new stake in shares of Great Elm Capital in the 3rd quarter valued at approximately $127,000. Virtu Financial LLC purchased a new stake in shares of Great Elm Capital in the fourth quarter valued at approximately $176,000. Northern Trust Corp purchased a new stake in shares of Great Elm Capital in the fourth quarter valued at approximately $187,000. Finally, Northern Right Capital Management L.P. grew its holdings in 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 acquiring an additional 237,367 shares during the period. 38.75% of the stock is currently owned by institutional investors and hedge funds.

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.