Great Elm Capital Corp
GECC

$9.95

0.2%

Market Cap: $104M

About: Great Elm Capital Corp is an externally managed, non-diversified closed-end management investment company. The company seeks to generate current income and capital appreciation through debt and equity investments, including investments in specialty finance businesses. It invests in senior secured and senior unsecured debt instruments, as well as in junior loans and mezzanine debt of middle-market companies and small businesses. The company generates revenue from interest on the debt investments that it holds.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 16 [Q1] → 16 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

3% less capital invested

Capital invested by funds: $15.2M [Q1] → $14.8M (-$432K) [Q2]

1.32% less ownership

Funds ownership: 14.58% [Q1] → 13.26% (-1.32%) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for GECC.

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Financial journalist opinion

Based on 3 articles about GECC published over the past 30 days

Great Elm Capital Corp. Announces Conditional Redemption of 6.75% Notes due 2025

PALM BEACH GARDENS, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today that it has caused notices to be issued to the holders of its 6.75% Notes due 2025 (CUSIP No. 390320 406; NASDAQ: GECCM) (the “Notes”) regarding the Company's exercise of its conditional option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 1104 of the Indenture, dated as of September 18, 2017, by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee (the “Trustee”), and Section 1.01(h) of the Second Supplemental Indenture, dated as of January 19, 2018, by and between the Company and the Trustee. The Company will redeem all of the issued and outstanding Notes on October 12, 2024 (the “Redemption Date”), subject to the condition precedent that the Company closes its public offering of 8.125% Notes due 2029 (the “2029 Notes Offering”). At the Company's discretion, the Redemption Date may be delayed until such time (including more than 60 days after the date hereof) as the 2029 Notes Offering has been completed, or the redemption of the Notes may not occur and the notices to the holder of the Notes may be rescinded if the 2029 Notes Offering is not completed by the Redemption Date or by the date to which the Redemption Date is delayed. The Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest thereon from September 30, 2024, through, but excluding, the Redemption Date (the “Redemption Price”). Questions relating to the notice of redemption should be directed to Equiniti Trust Company, LLC via telephone at 1 (800) 937–5449.

Great Elm Capital Corp. Announces Conditional Redemption of 6.75% Notes due 2025

Great Elm Capital Corp. Prices Public Offering of $36,000,000 of 8.125% Notes Due 2029

PALM BEACH GARDENS, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the pricing of its underwritten public offering of $36,000,000 aggregate principal amount of its 8.125% notes due 2029 (the “Notes”), which will result in net proceeds to the Company of approximately $34.4 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.

Great Elm Capital Corp. Prices Public Offering of $36,000,000 of 8.125% Notes Due 2029

Great Elm Capital Corp. Announces Public Offering of Unsecured Notes

PALM BEACH GARDENS, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2029 (the “Notes”). The Notes are expected to be listed on The Nasdaq Global Market under the trading symbol “GECCH,” and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters.

Great Elm Capital Corp. Announces Public Offering of Unsecured Notes

Zacks Investment Research

Great Elm Capital (GECC) Lags Q2 Earnings and Revenue Estimates

Great Elm Capital (GECC) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.44 per share a year ago.

Great Elm Capital (GECC) Lags Q2 Earnings and Revenue Estimates

Great Elm Capital Corp. (“GECC”) Schedules Second Quarter 2024 Earnings Release and Conference Call

Conference Call Scheduled for Thursday, August 1, 2024 at 5:00 p.m. ET Conference Call Scheduled for Thursday, August 1, 2024 at 5:00 p.m. ET

Great Elm Capital Corp. (“GECC”) Schedules Second Quarter 2024 Earnings Release and Conference Call

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Great Elm Capital Corp. (“GECC”) Issues $22 Million of Additional GECCI Notes

PALM BEACH GARDENS, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it issued $22 million of additional 8.50% notes due 2029 (the “GECCI Notes”) in a registered direct offering to an institutional investor.

Great Elm Capital Corp. (“GECC”) Issues $22 Million of Additional GECCI Notes

Great Elm Capital: 3 Reasons Why This 14% Yield Could Become A Decent Income Play

Great Elm Capital Corporation could be a great portfolio addition for investors seeking income in the short to medium term. GECC has been making portfolio improvements, strengthening their balance sheet, and has solid dividend coverage during their latest quarter. Despite some risks, GECC has been improving their fundamentals, which could make the potential long-term investment successful.

Great Elm Capital: 3 Reasons Why This 14% Yield Could Become A Decent Income Play

Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value

PALM BEACH GARDENS, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it issued approximately 1.0 million shares of the Company's common stock at a current net asset value of $12.03 per share, for an aggregate gross purchase price of $12 million, to Prosper Peak Holdings, LLC (“PPH”).

Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value

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