Great Elm’s capital stock is set to split on Monday, Feb. 28 (NASDAQ:GECC)

The shares of Great Elm Capital Co. (NASDAQ:GECC) will be consolidated before the market opens on Monday, February 28. The 1-6 reverse split was announced on Thursday, January 27. The number of shares held by shareholders will be adjusted after the closing bell on Monday 28 February.

NASDAQ:GECC shares opened at $2.95 on Friday. The company’s 50-day simple moving average is $3.15 and its two-hundred-day simple moving average is $3.35. The company has a market capitalization of $79.37 million, a P/E ratio of 36.88 and a beta of 1.84. The company has a debt ratio of 1.53, a quick ratio of 0.17 and a current ratio of 0.17. Great Elm Capital has a 52-week low of $2.94 and a 52-week high of $4.07.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 30. Shareholders of record on Wednesday, December 15 received a dividend of $0.10. The ex-dividend date was Tuesday, December 14. This represents an annualized dividend of $0.40 and a yield of 13.56%. Great Elm Capital’s payout ratio is currently 500.06%.

Major investors have recently changed their positions in the company. Morgan Stanley increased its stake in Great Elm Capital shares by 51.1% in the second quarter. Morgan Stanley now owns 419,711 shares of the financial services provider worth $1,473,000 after buying an additional 141,970 shares in the last quarter. Acuitas Investments LLC increased its stake in shares of Great Elm Capital by 12.0% in the third quarter. Acuitas Investments LLC now owns 353,929 shares of the financial services provider worth $1,235,000 after purchasing an additional 37,918 shares in the last quarter. Acadian Asset Management LLC increased its stake in Great Elm Capital shares by 60.1% in the fourth quarter. Acadian Asset Management LLC now owns 50,354 shares of the financial services provider worth $154,000 after purchasing an additional 18,903 shares in the last quarter. Finally, Virtu Financial LLC increased its stake in Great Elm Capital shares by 48.3% in the second quarter. Virtu Financial LLC now owns 51,822 shares of the financial services provider worth $182,000 after buying an additional 16,879 shares in the last quarter. Institutional investors and hedge funds hold 46.10% of the company’s shares.

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Great Elm Capital Company Profile

Great Elm Capital is an externally managed business development firm that invests in middle market corporate debt securities. The firm seeks to generate current income and capital appreciation through debt and equity investments and invests primarily in senior secured and unsecured debt securities, as well as junior loans and mezzanine debt middle market businesses and small businesses.

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