Oppenheimer Weighs in on Great Elm Capital Corp’s FY2018 Earnings (GECC)
Great Elm Capital Corp (NASDAQ:GECC) – Equities research analysts at Oppenheimer lowered their FY2018 earnings per share estimates for Great Elm Capital in a report released on Tuesday, November 13th, according to Zacks Investment Research. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will earn $1.47 per share for the year, down from their prior estimate of $1.55. Oppenheimer also issued estimates for Great Elm Capital’s Q4 2018 earnings at $0.28 EPS and FY2019 earnings at $1.11 EPS.
Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings results on Tuesday, November 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Great Elm Capital had a return on equity of 14.91% and a net margin of 27.93%. The business had revenue of $6.18 million during the quarter, compared to analysts’ expectations of $6.96 million.
GECC stock traded down $0.18 during trading on Friday, reaching $8.19. The company’s stock had a trading volume of 22,656 shares, compared to its average volume of 40,935. Great Elm Capital has a 1 year low of $7.76 and a 1 year high of $10.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $89.16 million, a PE ratio of 5.39 and a beta of 1.23.
An institutional investor recently raised its position in Great Elm Capital stock. Quantum Capital Management grew its position in shares of Great Elm Capital Corp (NASDAQ:GECC) by 27.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,920 shares of the financial services provider’s stock after purchasing an additional 37,932 shares during the period. Quantum Capital Management owned approximately 1.63% of Great Elm Capital worth $1,687,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.32% of the company’s stock.
In other news, Director Mark Kuperschmid acquired 7,182 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was purchased at an average price of $8.35 per share, for a total transaction of $59,969.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam M. Kleinman acquired 9,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were purchased at an average price of $8.06 per share, with a total value of $72,540.00. The disclosure for this purchase can be found here. Insiders acquired a total of 96,050 shares of company stock valued at $781,226 in the last quarter. 0.27% of the stock is currently owned by company insiders.
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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