Streetbeat News

GECC

Great Elm Capital Corp.

https://www.greatelmcc.com

Industry

Asset Management

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. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.

Open

10.15

Mkt cap

106M

Volume

8.5K

High

10.16

P/E Ratio

13.72

52-wk high

11.82

Low

10.11

Div yield

0.15

52-wk low

9.55

Great Elm Capital Corp. (NASDAQ:GECC) has announced an underwritten public offering of unsecured notes due 2029, expected to trade under the symbol 'GECCH' on Nasdaq. The proceeds will be used to redeem existing 6.75% notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:41 pm

Great Elm Capital (NASDAQ:GECC) reported Q2 2024 earnings per share of $0.32, missing the analyst estimate of $0.34. The company also reported sales of $9.548 million, which fell short of the $9.685 million estimate. Despite the misses, sales increased by 6.36% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:01 pm

Great Elm Capital (GECC) reported Q1 2024 earnings of $0.37 per share, missing the consensus estimate of $0.41. Sales were $8.909M, also below the estimate of $9.136M, but marked a 5.93% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:52 pm

Great Elm Capital (NASDAQ:GECC) reported Q4 sales of $9.16M, surpassing the $9.13M estimate, marking a 25.08% increase from the previous year's $7.33M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:08 pm

Great Elm Capital (NASDAQ:GECC) reported a Q4 Net Investment Income of $0.43 per share, missing the consensus estimate of $0.45 by 4.44%. This represents a 43.33% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:27 pm

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

Great Elm Capital (NASDAQ:GECC) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.45. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Despite missing the EPS estimate last quarter by $0.04, the share price increased by 4.69% the following day. Historically, GECC's share price has reacted variably to past earnings performances. Currently, shares are trading at $10.49, marking a 10.4% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:01 pm

Great Elm Capital Corp. (GECC) has announced a special cash distribution of $0.10 per common share, payable on January 12, 2024, to shareholders of record as of December 29, 2023. The distribution is a result of the company's strong portfolio performance and net investment income exceeding regular quarterly distributions for the first three quarters of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:17 pm

Benzinga Insights identified five value stocks in the financial services sector based on low P/E ratios. Heritage Insurance Hldgs (HRTG) has a P/E of 7.82 and reported a decrease in EPS from $0.32 to $-0.28, with a rising dividend yield. Sprott Focus Trust (FUND) saw EPS decrease from $0.26 to $0.03, with a slightly reduced dividend yield. Great Elm Capital (GECC) reported a small decrease in EPS and dividend yield. Southside Bancshares (SBSI) experienced a drop in EPS, while First Busey (BUSE) reported an increase in EPS and a higher dividend yield.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:46 pm

Great Elm Capital (NASDAQ:GECC) reported Q3 earnings of $0.40 per share, missing the analyst consensus estimate of $0.44 by 9.09%. However, the company's quarterly sales of $9.28 million beat the analyst consensus estimate of $8.93 million by 3.87%. This represents a 185.71% increase in earnings and a 53.75% increase in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 02, 2023 | 10:44 am

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