ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Great Elm Capital Corporation

Great Elm Capital Corporation (GECC)

10.25
0.11
( 1.08% )
Updated: 09:44:12

Unlock more advanced trading tools

Join ADVFN today

Key stats and details

Current Price
10.25
Bid
10.38
Ask
10.45
Volume
615
10.25 Day's Range 10.32
7.51 52 Week Range 11.82
Market Cap
Previous Close
10.14
Open
10.32
Last Trade
8
@
10.54
Last Trade Time
09:48:21
Financial Volume
$ 6,330
VWAP
10.2934
Average Volume (3m)
17,967
Shares Outstanding
7,601,960
Dividend Yield
13.66%
PE Ratio
7.52
Earnings Per Share (EPS)
3.33
Revenue
35.83M
Net Profit
25.33M

About Great Elm Capital Corporation

GECCs investment objective is to generate total returns through the combination of current income and capital appreciation. Fund invests predominantly in the senior secured debt of companies with enterprise values between $100 million and $2 billion. GECC typically purchases such securities in the s... GECCs investment objective is to generate total returns through the combination of current income and capital appreciation. Fund invests predominantly in the senior secured debt of companies with enterprise values between $100 million and $2 billion. GECC typically purchases such securities in the secondary market with a focus on catalyst-driven, total-return investment opportunities. Show more

Sector
Unit Inv Tr, Closed-end Mgmt
Industry
Unit Inv Tr, Closed-end Mgmt
Headquarters
Lutherville Timonium, Maryland, USA
Founded
1970
Great Elm Capital Corporation is listed in the Unit Inv Tr, Closed-end Mgmt sector of the NASDAQ with ticker GECC. The last closing price for Great Elm Capital was $10.14. Over the last year, Great Elm Capital shares have traded in a share price range of $ 7.51 to $ 11.82.

Great Elm Capital currently has 7,601,960 shares outstanding. The market capitalization of Great Elm Capital is $190.51 million. Great Elm Capital has a price to earnings ratio (PE ratio) of 7.52.

GECC Latest News

Great Elm Capital Corp. Prices Public Offering of $30,000,000 of 8.50% Notes Due 2029

PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the pricing of its underwritten public offering of...

Great Elm Capital Corp. Announces Public Offering of Unsecured Notes

PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the commencement of an underwritten public offering...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.35-3.3018867924510.610.84101630310.28663681CS
4-0.39-3.6654135338310.6411.31101577110.54381764CS
12-0.6-5.5299539170510.8511.31101796710.60329506CS
260.626.438213914859.6311.828.381798410.41944297CS
522.2427.96504369548.0111.827.51253899.30270727CS
1566.89205.059523813.3616.97862.85485715.79941687CS
2601.8822.46117084838.3716.97862.25831164.91997704CS

Market Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
INVOINVO BioScience Inc
$ 2.2899
(201.30%)
66.22M
EDBLEdible Garden AG Inc
$ 9.94
(118.46%)
3.18M
PLCEChildrens Place Inc
$ 10.40
(46.27%)
6.93M
WISAWiSA Technologies Inc
$ 8.9081
(46.03%)
33.31M
BSGMBioSig Technologies Inc
$ 2.09
(38.41%)
766.89k
IZMICZOOM Group Inc
$ 4.61
(-90.96%)
3.44M
SBFMSunshine Biopharma Inc
$ 3.54
(-47.94%)
1.55M
LGVNLongeveron Inc
$ 2.4863
(-29.57%)
1.41M
SXTCChina SXT Pharmaceuticals Inc
$ 1.17
(-27.78%)
1.03M
SAGESage Therapeutics Inc
$ 12.08
(-22.71%)
1.37M
JAGXJaguar Health Inc
$ 0.1695
(-4.94%)
72.94M
INVOINVO BioScience Inc
$ 2.2899
(201.30%)
66.22M
WISAWiSA Technologies Inc
$ 8.9081
(46.03%)
33.31M
AGFYAgrify Corporation
$ 0.3609
(21.15%)
23.15M
SQQQProShares UltraPro Short QQQ
$ 11.495
(0.48%)
21.63M

GECC Discussion

View Posts
maverick one maverick one 2 years ago
It has
👍️0
bar1080 bar1080 2 years ago
GECC stock has fallen continuously since the beginning, from $11 to $3. Jeesh!!!!!!!



👍️0
bar1080 bar1080 2 years ago
Market cap is "lemonade stand size." Is this right? I wouldn't touch an income stock this small, No wonder it's struggling:

From Yahoo: Market Cap $85.426M
👍️0
bar1080 bar1080 2 years ago
Now this works http://www.greatelmcc.com/
👍️0
bar1080 bar1080 2 years ago
GECC's not much more than a lemonade stand"

"We do not currently have any employees. Mr. Reed is our Chief Executive Officer and President and GECM’s Chief Investment Officer. Under the Administration Agreement, GECM provides the services of our Chief Financial Officer and Chief Compliance Officer.
GECM has entered into a shared services agreement with ICAM, pursuant to which ICAM will make available to GECM certain employees of ICAM, including Matt Kaplan, to provide services to GECM in exchange for reimbursement by GECM of the allocated portion of such employees’ time."

https://www.sec.gov/Archives/edgar/data/1675033/000114036121038932/ny20001400x1_n2.htm
👍️0
bar1080 bar1080 2 years ago
Why is the company website inoperative? That's not a good sign.

https://www.greatelmcc.com/
👍️0
maverick one maverick one 2 years ago
Adding on pull backs - div is priority #1.
👍️0
maverick one maverick one 3 years ago
Looking for more, but low 3:30’s or lower.
👍️0
maverick one maverick one 3 years ago
It has been - however- this week like to see it get back down to 3.28-3.30 range to add another 250 shares- then hey it can go up LOL!
👍️0
IanWhitfield IanWhitfield 3 years ago
Good for you. The price has been moving up nicely the last two weeks.
👍️0
maverick one maverick one 3 years ago
Picked up 150 more today.
👍️0
maverick one maverick one 3 years ago
Strange there isn’t many here on this board with such an attractive and very low entry PPS. That’s ok, just picked up more shares, I’ll be happy to continue stealing them.
👍️0
maverick one maverick one 3 years ago
Added more this week and picked up more of 3 other dividend stocks all under under $5.50. That’s majority of port over last 24 months. Staying focused. For the low pos, it’s a bargain return.
👍️0
maverick one maverick one 3 years ago
I acquired more and hit the bottom dip today.
👍️0
maverick one maverick one 3 years ago
For sure Ian, I’m with you on adding. Yeah def bummer they stopped monthly switched too quarterly and suv dropped. The .10 is pretty good still, it’s what trading in low 3’s lately? It’s a bargain still. Def adding rest of summer, into fall.

👍️0
IanWhitfield IanWhitfield 3 years ago

Yes, the .10 is still a nice dividend, but it is now paid quarterly. Prior to the Rights Agreement in the fall and up until December of last year, this stock paid a monthly dividend of .083 which was .996 per share for the year. I still have some shares but I took profits on almost 60% of what I was holding. I'll still take the .40 per year per share and I'll be adding more of this stock in the future.

See my response to a question about the dividend change here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159766822
👍️0
maverick one maverick one 3 years ago
Still acquiring- loading up.
👍️0
maverick one maverick one 3 years ago
I’ve been acquiring on drops - will acquire another 5,000.

The .10 dividend is attractive, looks stable for now. Decent return for low price stock.

👍️0
wdk1227 wdk1227 3 years ago
If thats the case, I'm out. Was in for the monthly dividend. GL
👍️0
IanWhitfield IanWhitfield 3 years ago
Yes. It was announced in the quarterly filings on November 9th.

http://www.investor.greatelmcc.com/static-files/b915df09-5bdf-4c02-ac58-b37eb3c51ba8

Scroll down to the next to the last page. Exhibit 99.3

GREAT ELM CAPITAL CORP. DECLARES QUARTERLY CASH DISTRIBUTION
OF $0.10 PER SHARE

WALTHAM, MA, November 9, 2020 – Great Elm Capital Corp. (“we,” “us,” “our,” “GECC,” or “Great Elm BDC”), (NASDAQ: GECC), a business development company (BDC), today announced that Great Elm BDC’s Board set the distribution for the quarter ending March 31, 2021 at $0.10 per
quarter.

The distributions will be paid in cash and covered by net investment income. The record and payment dates for the distribution are expected to be set by GECC in December pursuant to authority granted by the Board.

Peter A. Reed, GECC’s Chief Executive Officer, stated, “We were pleased to increase the cash portion of our distribution while maintaining a favorable overall return to shareholders following the completion of our rights offering. On an annualized basis, this currently represents a 9.6% yield on NAV (based on Net Asset Value of $90.8 million, or $4.18 per share, after giving effect to the rights offering) and a 15.4% yield on the November 6, 2020 closing price of $2.60.

These foot notes were also on page 24 of the Investor Presentation from November 9th which was Exhibit 99.2

The Company had previously delivered a monthly distribution of $0.083 per share.

The majority of our fourth quarter 2020 distributions will be paid in shares of common stock in order to maximize liquidity and strengthen our balance sheet.
👍️0
thespiritofyah thespiritofyah 3 years ago
Did GECC drop their dividend to .10 a quarter????
👍️0
IanWhitfield IanWhitfield 3 years ago
DT2 - I don't have a paid account so I can't reply to your private message but the answer is yes. I am still holding my shares for the .083 per share dividend.
👍️0
wdk1227 wdk1227 3 years ago
Thanks IW, I will take a look at the investor presentation and definitely tune in to the conference call.
👍️0
IanWhitfield IanWhitfield 3 years ago
wdk,

The earnings announcement for the 3rd quarter ended September 30th will be on Monday, November 9th before the bell with a conference call to discuss the results at 11:00 am.
👍️0
IanWhitfield IanWhitfield 3 years ago
Yes, wdk.

I think it is worth the risk. You may want to wait til the middle of November for the next quarterly report. The last report was released on Aug. 7th so it may be in the next two weeks or less.

On August 10th they published an investor presentation that I found interesting on two counts. See pages 6,7,8, and 9 for the section on their acquisition of Prestige Capital Finance, LLC. Also, see page 23 for the section on maintaining the monthly dividend at $.083 for the 4th quarter.

I think the pandemic generally, and the Rights Offering at the end of August, more specifically, has some investors concerned about the future but I believe that this is a good long term investment.

Disclosure: I recently added to my position and intend on buying more after I see the November 10-Q for more info regarding what to expect in the next quarter and beyond.
👍️0
wdk1227 wdk1227 3 years ago
been following this stock for a couple months, enticed by the .083 dividend. Its been heading downward since. I know there are only four people following this board, is this div. worth the risk? tia
👍️0
IanWhitfield IanWhitfield 4 years ago
Great Elm announced the results of the rights offering yesterday..."which entitled holders of rights to purchase one new share of common stock for every one right held at a subscription price of $2.95 per share."

Nice. Thanks for the $2.95's. That's a dividend yield over 30% at least until December.

"In total, the Company sold 10,761,950 shares of its common stock for aggregate gross proceeds of approximately $31.8 million."

Peter Reed said, "This capital will strengthen our balance sheet and furnish us with additional capital to continue implementing the portfolio repositioning we began in the second quarter, including by pursuing additional opportunities in the specialty finance sector."

https://finance.yahoo.com/news/great-elm-capital-corp-announces-203700651.html
👍️0
IanWhitfield IanWhitfield 4 years ago
Oh that makes sense. It was mentioned in the rights offering that a percentage of the dividends could be paid in cash and some in shares. I'm going to go back and read that section again.

I'm glad you got the entire amount you were entitled to. I use E-Trade and it appears I got the whole payment as cash and then E-trade re-invested it into more shares just like it is usually done.

If you are enrolled in the DRIP, it's surprising the cash portion of the dividend you received wasn't just re-invested in shares but at least you got an explanation for the discrepancy.

Thanks for the update.
👍️0
Mototeam Mototeam 4 years ago
So I got an explanation from Robinhood.

Hi Shane,

Thanks for reaching out about the GECC dividend. This particular dividend paid out a bit differently than common cash dividends.

GECC declared a “Dividend with Option”. The default option here was Cash. Since the cash option was prorated, shareholders received a combination of cash and stock.


So after looking at my share count I could see the additional shares. The weird thing was that the cash portion(@ .0198) of the dividend is the only portion that is listed in my account history, the other shares just showed up without being listed anywhere. I'm guessing because it was technically a cash reinvestment. And if I do the math on the other additional shares then it all works out right
👍️0
Mototeam Mototeam 4 years ago
Mine is on the DRIP program too, so they bought more shares, but it's always current share price on the dividend payout date. Which ended up being 3.59 a share. Anyway, I did send them a message inquiring about it, just waiting to hear back. I use Robinhood for this and a few other divvy stocks like ET and NGL, this is the 1st time it's been messed up, so it will be interesting to see what the response is.
👍️0
IanWhitfield IanWhitfield 4 years ago
That is weird. My account history does not show the dividend paid but when I multiply the shares I held on August 31, 2020, (the ex-dividend date) by .083 I get the amount that was credited to my account yesterday.

I have my shares in a dividend reinvestment plan so the amount paid was re-invested by purchasing more shares at $4.47 which was the share price on August 31st.

I'd check with your broker for an explanation because you should have gotten .083 per share.
👍️0
Mototeam Mototeam 4 years ago
Wow, I guess I need to contact my broker. My dividend history says paid at .0198 per share.
👍️0
IanWhitfield IanWhitfield 4 years ago
I guess it took a day to post to my account but I got the dividend that they promised, - .083 per share paid on 9/21/2020.

👍️0
IanWhitfield IanWhitfield 4 years ago
Interesting. My account does not show any activity, dividend or otherwise. I'll be disappointed if they reduced the dividend and didn't make an announcement other than what was said in the Rights Offering.
👍️0
Mototeam Mototeam 4 years ago
So I got paid a dividend today, but it was less than 25% of the expected amount of .083 per share, the payout was .0198. I don't remember seeing anything about a reduction in dividends.
👍️0
IanWhitfield IanWhitfield 4 years ago
The dividend declaration is also in the Prospectus released on August 31, 2020.

It's at the bottom of page 60.

It seems to me that the dilutive effect of the rights offering will not be felt until at least January of 2021 but that is why I am asking these questions on this forum to see if other GECC investors are seeing it the same way I am.

Bullish Green,

I appreciate your analysis, input and feedback.

Disclosure: I have not exercised my rights under the offering yet but plan to after a little more research and DD. I added to my position today which has no effect on the rights offering but I couldn't pass up the low price. I bought some at $3.47 this morning and more this afternoon at $3.25
👍️0
IanWhitfield IanWhitfield 4 years ago
8-K From August 10th

http://www.investor.greatelmcc.com/node/8671/html#gecc-ex991_6.htm

Scroll down to page 23. They've declared keeping the dividend at $0.083 though the month ending December 31, 2020.

Not sure why it's not reflected on the website here:

http://www.investor.greatelmcc.com/financial-information/distribution-information?field_nir_div_year_value=#views-exposed-form-widget-dividends-splits-block-1

but the the 8-K says it's been declared by the Board in August.

Might be time to ask Gretchen for a clarification.

👍️0
Bullish Green Bullish Green 4 years ago
I won't be buying any more until I see the next declaration. The dilution is already being felt as it's reflected in the ongoing PPS correction.

Capital has depreciated 38% since last divy so this has rapidly become very unattractive IMO.

Depending on where it finds bottom and a new payout adjustment, It may be attractive to new buyers. Current holders not so much.
👍️0
IanWhitfield IanWhitfield 4 years ago
Bullish Green,

Are you going to participate in the Rights Offering and buy mores shares of this BDC?

Do you see any downside to the offering? It appears any dilution mentioned in the prospectus won't be felt til at least January as the dividend has been announced for the 4th quarter.
👍️0
IanWhitfield IanWhitfield 4 years ago
Yes. In the August 10th 8-K and presentation they announced that the "Board set monthly distributions of $0.083 per share for the fourth quarter of 2020, through the month ending December 31, 2020."

http://www.investor.greatelmcc.com/node/8671/html#gecc-ex991_6.htm

Scroll down to page 23 of the Presentation under Capital Activity: Declared Distributions.

So why wouldn't an income investor like me be loading up at these prices with the current dividend being paid at least until December?

And why wouldn't current holders of record that have been offered the shares at a discount be exercising their rights under the offering. Maybe they are. I'm 99% sure I am.

If you still are not sure, read pages 6,7,8 and 9 under the Specialty Finance Investments section. Prestige Finance Capital, LLC sounds like a great find going back to February of 2019.

Please let me know if there is a reason not to subscribe to the offering if you can find one.
👍️0
Mototeam Mototeam 4 years ago
seems like a decent deal. Also seems a little silly that people are dumping shares since dividends are still locked in for Sept, if figured people would at least hold on till the EX dividend date. I haven't read anything about any major dividend cuts in the future. Have you heard anything about that?
👍️0
IanWhitfield IanWhitfield 4 years ago
After more DD and digging into company reports and presentations, I added to my position today at $3.37 and I'm going to respond to the rights offer and participate in the offering unless someone can talk me out of it.

Why wouldn't you exercise your right and get more shares at a 15% discount?
👍️0
IanWhitfield IanWhitfield 4 years ago
Is anyone here planning on exercising their rights under this new offering to purchase more shares at the offered price?

In light of the recent share price drop, it seems people are unloading there shares due to the upcoming dilution.

It appears to me that the intended use of the new capital as stated in the prospectus and the announcement makes sense in the long term.

"The Company intends to use the net proceeds from the offering primarily to (i) make opportunistic investments, in accordance with its investment objectives and policies, in assets that the Company’s external investment manager, Great Elm Capital Management, Inc., believes have become undervalued due to the current extreme market volatility, and on more attractive terms than the Company would otherwise be able to obtain under typical, less volatile market conditions and (ii) support its existing portfolio companies through the COVID-19 pandemic."

Are most of you invested here for the short term and will be hurt by the dilution or am I missing something?

👍️0
Mototeam Mototeam 4 years ago
Not much life in here.
👍️0
Bullish Green Bullish Green 4 years ago
I almost dumped mine too but since I have multiple brokerage accounts, I did some digging. That's why I wrote to IR. I'm glad they set it straight.
👍️0
IanWhitfield IanWhitfield 4 years ago
No. I missed that, BG. Thanks for posting this. I had sold a third of my position on the lower dividend listed. I'm going to have to get those shares back, and then some.

👍️0
Bullish Green Bullish Green 4 years ago
DID ANYBODY CATCH THIS?

4:31:06 PM : KJ: Charles Schwab Initial Question: Dividend Inquiry

4:33:51 PM : <> An investment professional is joining the chat.

4:33:51 PM : <> Welcome KJ. My name is Gretchen K.. I will be helping you today. Your reference number for this chat session is 7529413.

4:33:56 PM : Gretchen K.: Hello Karl! My name is Gretchen. I'm happy to help you today.

4:34:24 PM : KJ: Hi Gretchen!

4:35:20 PM : KJ: I contacted your company about 30 minutes ago but did not have all the information amidst conflicting reports.

4:36:06 PM : KJ: Your website is showing GECC a dividend of $0.0083

4:36:27 PM : KJ: TDA says the same.

4:37:01 PM : KJ: However Nasdaq and Etrade are showing $0.083 instead.

4:37:36 PM : KJ: In light of the conflicting info, I contacted Investor Relations at GECC.

4:38:08 PM : KJ: This was their reply:

4:38:27 PM : KJ: Hi KJ,

GECC pays an $0.083 per share per month distribution. Distributions have been declared through September 2020, payable in October 2020,


Thank you,

Adam Yates

Great Elm Capital Management, Inc.

800 South St.

Suite 230

Waltham, MA 02453

(p) 617.247.7675

(c) 978.985.3613

ayates@greatelmcap.com

ayates4@bloomberg.net

4:38:48 PM : Gretchen K.: OK. I'm with you so far.

4:39:30 PM : KJ: Can you please check it out and make corrections on your website. It's screwing up my statistical data.

4:40:21 PM : KJ: Not to mention I almost wanted to sell at that erroneous distribution rate.

4:41:52 PM : Gretchen K.: Let me see what we can do.

4:42:07 PM : Gretchen K.: What page are you using to see that quote?

4:43:58 PM : KJ: I'm on GECC page, Dividends tab.

4:44:14 PM : Gretchen K.: Upcoming Dividend
Upcoming Dividend Table
Announce Date Jun 25, 2020
Ex-Dividend Date Jul 30, 2020
Payment Date Aug 21, 2020
Amount $0.0083
Type Regular

4:44:42 PM : Gretchen K.: I see. So there may be an extra 0 in there.

4:45:17 PM : KJ: Also the computation makes ACCOUNT SUMMARY / INVESTMENT INCOME tab computations wrong.

4:45:42 PM : KJ: Yes, there's an extra 0.

4:46:17 PM : Gretchen K.: I can report this issue for you. We use a third party vendor for this reporting information.

4:47:41 PM : KJ: Thank you. Does that mean you also paid the last three months wrong too (according to the historical payout)? Or is this for for website data?

4:48:11 PM : KJ: That part doesn't apply to me but just asking.

4:48:17 PM : Gretchen K.: Just for website data. We pay out the dividends received from the company directly.

4:48:58 PM : KJ: Cool. Thank you for your time! Enjoy the rest of the day!

4:49:17 PM : Gretchen K.: My pleasure! Thank you for your time. Take care!
👍️0
IanWhitfield IanWhitfield 4 years ago
Wonder what's going on. Can't find any news to explain 20% jump in price on 4 1/2 times the normal volume.

Anybody got an idea on what we are seeing?
👍️0
IanWhitfield IanWhitfield 4 years ago
I added more yesterday. I'm liking the price and the monthly yield.
👍️0
IanWhitfield IanWhitfield 4 years ago
I added to my position today.

Just felt like I should post something to bring the discussion to the current day situation.
👍️0

Your Recent History

Delayed Upgrade Clock