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Mast Capital Management, Llc Sells 64,000 Shares of Great Elm Capital Corp (GECC) Stock

Great Elm Capital Corp (NASDAQ:GECC) major shareholder Mast Capital Management, Llc sold 64,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $8.15, for a total value of $521,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website . Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mast Capital Management, Llc also recently made the following trade(s):

Get Great Elm Capital alerts: On Monday, March 11th, Mast Capital Management, Llc sold 35,800 shares of Great Elm Capital stock. The stock was sold at an average price of $8.15, for a total value of $291,770.00. On Wednesday, March 6th, Mast Capital Management, Llc sold 37,500 shares of Great Elm Capital stock. The stock was sold at an average price of $8.23, for a total value of $308,625.00. On Friday, March 1st, Mast Capital Management, Llc sold 61,400 shares of Great Elm Capital stock. The shares were sold at an average price of $8.40, for a total value of $515,760.00. On Thursday, February 21st, Mast Capital Management, Llc sold 38,900 shares of Great Elm Capital stock. The shares were sold at an average price of $8.33, for a total value of $324,037.00. On Friday, February 15th, Mast Capital Management, Llc sold 40,400 shares of Great Elm Capital stock. The shares were sold at an average price of $8.28, for a total value of $334,512.00. On Tuesday, February 12th, Mast Capital Management, Llc sold 20,300 shares of Great Elm Capital stock. The shares were sold at an average price of $8.15, for a total value of $165,445.00. On Thursday, February 7th, Mast Capital Management, Llc sold 39,800 shares of Great Elm Capital stock. The shares were sold at an average price of $8.11, for a total value of $322,778.00. On Monday, February 4th, Mast Capital Management, Llc sold 39,200 shares of Great Elm Capital stock. The shares were sold at an average price of $8.01, for a total value of $313,992.00. On Wednesday, January 30th, Mast Capital Management, Llc sold 31,850 shares of Great Elm Capital stock. The shares were sold at an average price of $8.00, for a total value of $254,800.00. On Friday, January 25th, Mast Capital Management, Llc sold 32,699 shares of Great Elm Capital stock. The shares were sold at an average price of $7.95, for a total value of $259,957.05. Shares of NASDAQ GECC traded up $0.06 during mid-day trading on Thursday, hitting $8.13. The company had a trading volume of 32,700 shares, 48,474. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. Great Elm Capital Corp has a 12 month low of $7.47 and a 12 month high of $10.07. The stock has a market cap of $87.67 million, a PE ratio of 5.35 and a beta of 0.81.

Great Elm Capital (NASDAQ:GECC) last released its earnings results on Wednesday, March 13th. The financial services provider reported $0.25 earnings per share Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Great Elm Capital had a net margin of 27.93% and a return on equity of 14.91%. $6.91 the consensus estimate of $6.57 million. Research analysts forecast that Great Elm Capital Corp will post 1.45 fiscal year.

The business also recently announced a monthly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were paid a $0.083 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.25%. The ex-dividend date was Wednesday, January 30th. Great Elm Capital’s payout ratio is presently 65.79%.

Separately, downgraded Great Elm Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 16th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its stake in Great Elm Capital by 30.1% during the fourth quarter. Acadian Asset Management LLC now owns 21,968 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 5,083 shares during the period. Stilwell Value LLC bought a new position in Great Elm Capital during the fourth quarter worth about $141,000. Two Sigma Investments LP bought a new position in Great Elm Capital during the fourth quarter worth about $155,000. B. Riley Financial Inc. bought a new position in Great Elm Capital during the fourth quarter worth about $261,000. Finally, Quantum Capital Management lifted its stake in Great Elm Capital by 27.9% during the third quarter. Quantum Capital Management now owns 173,920 shares of the financial services provider’s stock worth $1,687,000 after purchasing an additional 37,932 shares during the period. Institutional investors and hedge funds own 13.01% of the company’s stock.

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Great Elm Capital Company Profile

Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. 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.

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