Great Elm Capital CorpGECC
GECC
About: Great Elm Capital Corp is an externally managed, non-diversified closed-end management investment company. It generate both income and capital appreciation through debt and income-generating equity investments, including investments in finance businesses.
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
9% more capital invested
Capital invested by funds: $10.3M [Q3] → $11.2M (+$942K) [Q4]
1.24% more ownership
Funds ownership: 9.65% [Q3] → 10.88% (+1.24%) [Q4]
0% more funds holding
Funds holding: 14 [Q3] → 14 (+0) [Q4]
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Research analyst outlook
We haven’t received any recent analyst ratings for GECC.
Financial journalist opinion
Based on 4 articles about GECC published over the past 30 days
Negative
Seeking Alpha
1 day ago
Great Elm Capital: Q4 Earnings Shows Vulnerability To Interest Rate Environment
Great Elm Capital (GECC) offers a high dividend yield of 14.2%, but has a history of inconsistent distribution payouts and declining NAV. GECC's portfolio includes a significant focus on equity investments, which are riskier and vulnerable to the current high interest rate environment. Recent Q4 earnings showed disappointing net investment income and continued NAV decline, raising concerns about dividend sustainability.
Neutral
Seeking Alpha
2 days ago
Great Elm Capital Corporation (GECC) Q4 2024 Earnings Call Transcript
Great Elm Capital Corporation (NASDAQ:GECC ) Q4 2024 Results Conference Call March 11, 2025 8:30 AM ET Company Participants Matt Kaplan - Chief Executive Officer Keri Davis - Chief Financial Officer Mike Keller - President, Great Elm Specialty Finance Conference Call Participants Mickey Schleien - Ladenburg Thalmann Erik Zwick - Lucid Capital Markets Operator Greetings, and welcome to the Great Elm Capital Corporation Fourth Quarter 2024 Financial Results Call. [Operator Instructions] As a reminder, this conference is being recorded.
Neutral
GlobeNewsWire
2 days ago
Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2024 Financial Results
Company to Host Conference Call and Webcast at 8:30 AM ET on March 11, 2025 Company to Host Conference Call and Webcast at 8:30 AM ET on March 11, 2025
Neutral
GlobeNewsWire
1 week ago
Great Elm Capital Corp. (“GECC”) Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Conference Call Scheduled for Tuesday, March 11, 2025 at 8:30 a.m. ET Conference Call Scheduled for Tuesday, March 11, 2025 at 8:30 a.m. ET
Positive
Seeking Alpha
1 month ago
Yield Hunting Part 5: Assessing Great Elm Capital's 8.9% YTM Bonds
Great Elm Capital Corp. (GECC) offers high-yield baby bonds, trading at an 8.9% yield, despite being one of the riskiest BDCs. GECC's mixed portfolio includes 24% equity and significant short-term treasuries, which add to its credit score despite past financial struggles. GECC's leverage structure, with no secured financing, and a 50% debt/assets ratio aligns with industry norms, making its bonds attractive for high-yield seekers.
Neutral
GlobeNewsWire
2 months ago
Great Elm Capital Corp. (“GECC”) Declares $0.05 Per Common Share Special Cash Distribution and Approves First Quarter 2025 Distribution of $0.37 Per Common Share
PALM BEACH GARDENS, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today is pleased to declare a special cash distribution of $0.05 per common share (the “Special Distribution”). The Special Distribution will be payable on January 15, 2025 to stockholders of record as of December 31, 2024.
Positive
Seeking Alpha
2 months ago
Great Elm Capital: Improving 13% Yield, But Is It Enough?
Great Elm Capital Corporation has shown significant improvements in net investment income, liquidity, and capital deployment, doubling the previous year's amount. Despite these positive developments, GECC's smaller size and predominantly floating rate portfolio pose risks, especially with declining interest rates. GECC's dividend coverage has strengthened, with a current coverage ratio of 111%, making the 13% yield likely safe in the near term.
Neutral
GlobeNewsWire
2 months ago
Great Elm Capital Corp. (“GECC”) Raises $13.2 Million of Equity at Net Asset Value
PALM BEACH GARDENS, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, announced it issued approximately 1.1 million shares of the Company's common stock at a current net asset value of $12.06 per share, for an aggregate gross purchase price of $13.2 million, to Summit Grove Partners, LLC (“SGP”).
Positive
Seeking Alpha
4 months ago
2 High-Yielding BDCs In An Expensive Market
Despite economic uncertainty and high inflation, dividend investing offers steady income, making high-yielding stocks like Barings BDC and Great Elm Capital Corp. attractive. Barings BDC, with a 10.9% yield, has improved credit quality, reduced debt, and boasts strong dividend coverage, making it a solid income choice. Great Elm Capital Corp., yielding 14.1%, has shown bottom-line growth, reduced non-performing loans, and maintains solid dividend coverage despite higher leverage.
Neutral
Seeking Alpha
4 months ago
Great Elm Capital Corporation (GECC) Q3 2024 Earnings Call Transcript
Call Start: 08:30 January 1, 0000 8:44 AM ET Great Elm Capital Corporation (NASDAQ:GECC ) Q3 2024 Earnings Conference Call October 31, 2024 08:30 AM ET Company Participants Matt Kaplan - Chief Executive Officer Keri Davis - Chief Financial Officer Mike Keller - President, Great Elm Specialty Finance Conference Call Participants Operator Ladies and gentlemen good morning and welcome to the Great Elm Capital Corp. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
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