Weiss Ratings Reiterates Hold (C) Rating for Great Elm Capital Group (NASDAQ:GECC)
Weiss Ratings has reiterated a "hold (c)" rating for Great Elm Capital Group (NASDAQ:GECC). The stock was also downgraded from "buy" to "hold" by Wall Street Zen. The current price target is set at $11.00. GECC's stock traded at $7.78, with a market cap of $89.94 million. The company reported an EPS of $0.51, exceeding estimates. Hedge funds own 38.75% of the stock, and the firm specializes in middle market investments in various sectors.
Great Elm Capital Group (NASDAQ:GECC - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.
A number of other equities research analysts have also recently commented on GECC. Wall Street Zen cut Great Elm Capital Group from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Capital One Financial set a $11.00 target price on Great Elm Capital Group in a research report on Tuesday, September 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.00.
Get Our Latest Stock Report on Great Elm Capital Group
Great Elm Capital Group Stock Performance
GECC traded up $0.14 during midday trading on Friday, hitting $7.78. 26,901 shares of the company were exchanged, compared to its average volume of 69,137. Great Elm Capital Group has a 1-year low of $7.18 and a 1-year high of $11.45. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $89.94 million, a price-to-earnings ratio of 4.98 and a beta of 0.98. The company's 50 day simple moving average is $9.70 and its 200 day simple moving average is $10.35.
Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%.The firm had revenue of $14.28 million for the quarter, compared to analysts' expectations of $13.25 million. As a group, sell-side analysts predict that Great Elm Capital Group will post 1.43 earnings per share for the current year.
Institutional Trading of Great Elm Capital Group
A hedge fund recently bought a new stake in Great Elm Capital Group stock. Trust Co. of Toledo NA OH purchased a new stake in shares of Great Elm Capital Group, Inc. (NASDAQ:GECC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,874 shares of the financial services provider's stock, valued at approximately $41,000. Hedge funds and other institutional investors own 38.75% of the company's stock.
About Great Elm Capital Group
(Get Free Report)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.
See Also
- Five stocks we like better than Great Elm Capital Group
- How to Use High Beta Stocks to Maximize Your Investing Profits
- How Royalty Pharma Prints Cash Without Biotech's Biggest Risks
- How to Buy Gold Stock and Invest in Gold
- Meta Platforms Stock Falls Despite Strong Growth—Here’s Why
- Stock Average Calculator
- Comfort Systems Is the AI Data Center Stock Beating NVDA, AVGO, & AMD
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Great Elm Capital Group Right Now?
Before you consider Great Elm Capital Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Great Elm Capital Group wasn't on the list.
While Great Elm Capital Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
