Short Interest in Great Elm Capital Corp. (NASDAQ:GECC) Increases By 39.2%

Great Elm Capital Corp. (NASDAQ:GECC) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 45,800 shares, an increase of 39.2% from the November 15th total of 32,900 shares. Based on an average daily volume of 16,400 shares, the short-interest ratio is presently 2.8 days. Approximately 0.6% of the shares of the company are sold short.

Great Elm Capital Trading Up 0.3 %

Shares of NASDAQ GECC opened at $10.43 on Friday. Great Elm Capital has a 12-month low of $9.55 and a 12-month high of $11.31. The company has a market cap of $108.99 million, a price-to-earnings ratio of 15.12 and a beta of 1.61. 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’s 50 day simple moving average is $10.15 and its 200 day simple moving average is $10.25.

Great Elm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 13.42%. The ex-dividend date of this dividend is Monday, December 16th. Great Elm Capital’s payout ratio is 202.90%.

Insider Buying and Selling at Great Elm Capital

In related news, Director Matthew A. Drapkin bought 9,600 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $9.92 per share, for a total transaction of $95,232.00. Following the completion of the purchase, the director now directly owns 75,716 shares in the company, valued at approximately $751,102.72. The trade was a 14.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Great Elm Capital

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC acquired a new stake in Great Elm Capital Corp. (NASDAQ:GECC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital as of its most recent SEC filing. Institutional investors and hedge funds 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.