Short Interest in Great Elm Capital Corp. (NASDAQ:GECC) Increases By 48.1%

Great Elm Capital Corp. (NASDAQ:GECC) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 24,000 shares, a growth of 48.1% from the October 15th total of 16,200 shares. Based on an average daily trading volume, of 17,600 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company’s stock are short sold.

Great Elm Capital Stock Up 0.5 %

NASDAQ GECC traded up $0.05 during mid-day trading on Friday, reaching $10.08. 4,174 shares of the company’s stock traded hands, compared to its average volume of 17,765. Great Elm Capital has a 1-year low of $9.55 and a 1-year high of $11.82. 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 company has a market cap of $105.28 million, a price-to-earnings ratio of 14.60 and a beta of 1.60. The company has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $10.24.

Great Elm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a yield of 13.90%. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

Insider Transactions at Great Elm Capital

In other news, Director Matthew A. Drapkin purchased 3,189 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of $10.01 per share, with a total value of $31,921.89. Following the acquisition, the director now owns 64,806 shares in the company, valued at approximately $648,708.06. This trade represents a 5.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Great Elm Capital

A number of institutional investors have recently made changes to their positions in GECC. Cruiser Capital Advisors LLC raised its holdings in shares of Great Elm Capital by 28.8% during the first quarter. Cruiser Capital Advisors LLC now owns 95,848 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 21,422 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of Great Elm Capital during the 3rd quarter valued at about $127,000. Finally, O Shaughnessy Asset Management LLC raised its stake in Great Elm Capital by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 27,730 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 3,214 shares during the period. 38.75% of the stock is currently owned by institutional investors.

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.