Great Elm Capital (NASDAQ:GECC) Issues Quarterly Earnings Results

Great Elm Capital (NASDAQ:GECC) announced its quarterly earnings results on Monday. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $0.55 EPS.

Great Elm Capital Stock Down 0.1 %

Shares of NASDAQ:GECC opened at $10.52 on Wednesday. Great Elm Capital has a 52-week low of $9.55 and a 52-week high of $11.39. The firm has a market capitalization of $121.44 million, a P/E ratio of 15.25 and a beta of 1.52. The stock has a 50 day moving average price of $10.76 and a 200-day moving average price of $10.41. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11.

Great Elm Capital Cuts Dividend

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

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.