Great Elm Capital (NASDAQ:GECC) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Great Elm Capital Corp. (NASDAQ:GECC) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.70 and traded as low as $10.01. Great Elm Capital shares last traded at $10.40, with a volume of 25,279 shares trading hands.

Great Elm Capital Stock Up 3.8 %

The stock has a market cap of $120.06 million, a P/E ratio of 15.07 and a beta of 1.52. The company’s fifty day moving average price is $10.70 and its 200-day moving average price is $10.39. 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 (NASDAQ:GECC) last announced its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). The firm had revenue of $9.10 million during the quarter, compared to the consensus estimate of $11.46 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. During the same period in the previous year, the business earned $0.55 EPS. Equities analysts forecast that Great Elm Capital Corp. will post 1.43 EPS for the current year.

Great Elm Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders 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 presently 477.42%.

Institutional Trading of Great Elm Capital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new position in shares of Great Elm Capital in the fourth quarter worth about $129,000. Virtu Financial LLC purchased a new stake in Great Elm Capital in the 4th quarter valued at about $176,000. Northern Trust Corp bought a new position in Great Elm Capital in the 4th quarter worth about $187,000. Finally, Northern Right Capital Management L.P. increased its position 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 acquiring an additional 237,367 shares during the period. 38.75% of the stock is currently owned by institutional investors.

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.