Great Elm Capital Q1 2024 GAAP EPS $0.37 Misses $0.41 Estimate, Sales $8.909M Miss $9.136M Estimate

5/2/24 4:52:17 PM ET

Finance: Consumer Services

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Great Elm Capital (NASDAQ:GECC) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.41 by 9.76 percent. The company reported quarterly sales of $8.909 million which missed the analyst consensus estimate of $9.136 million by 2.48 percent. This is a 5.93 percent increase over sales of $8.410 million the same period last year.

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Date	Price Target	Rating	Analyst
7/12/2022	$12.00	Neutral	Janney

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$GECC
Financials

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Great Elm Capital Corp. Announces Third Quarter 2024 Financial Results
PALM BEACH GARDENS, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter and Other Recent Highlights: Net investment income ("NII") for the quarter ended September 30, 2024 was $4.1 million, or $0.39 per share, as compared to $3.1 million, or $0.32 per share, for the quarter ended June 30, 2024.Net assets were $125.8 million, or $12.04 per share, on September 30, 2024, as compared to $126.0 million, or $12.06 per share, on June 30, 2024.In September 2024, issued $36.0 million of 8.125% unsecur
10/31/24 6:00:00 AM ET
$GECC
Finance: Consumer Services
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Great Elm Capital Corp. ("GECC") Schedules Third Quarter 2024 Earnings Release and Conference Call
PALM BEACH GARDENS, Fla., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, today announced it will release its financial results for the third quarter ended September 30, 2024 prior to the opening of the stock market on Thursday, October 31, 2024, and discuss these results in a conference call at 8:30 a.m. ET. Date/Time:Thursday, October 31, 2024 – 8:30 a.m. ET Participant Dial-In Numbers: (United States):(877) 407-0789(International):(201) 689-8562 To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode "GECC". An accompanyi
10/30/24 4:15:12 PM ET
$GECC
Finance: Consumer Services
Finance
Great Elm Capital Corp. ("GECC") Schedules Second Quarter 2024 Earnings Release and Conference Call
PALM BEACH GARDENS, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, today announced it will release its financial results for the second quarter ended June 30, 2024 after the close of market trading on Thursday, August 1, 2024, and discuss these results in a conference call at 5:00 p.m. ET. Date/Time:Thursday, August 1, 2024 – 5:00 p.m. ET Participant Dial-In Numbers: (United States):(877) 407-0789(International):(201) 689-8562 To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode "GECC". An accompanying slide presentat
7/30/24 2:00:00 PM ET
$GECC
Finance: Consumer Services
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$GECC
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Great Elm Capital Corp. Announces Third Quarter 2024 Financial Results
PALM BEACH GARDENS, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter and Other Recent Highlights: Net investment income ("NII") for the quarter ended September 30, 2024 was $4.1 million, or $0.39 per share, as compared to $3.1 million, or $0.32 per share, for the quarter ended June 30, 2024.Net assets were $125.8 million, or $12.04 per share, on September 30, 2024, as compared to $126.0 million, or $12.06 per share, on June 30, 2024.In September 2024, issued $36.0 million of 8.125% unsecur
10/31/24 6:00:00 AM ET
$GECC
Finance: Consumer Services
Finance
Great Elm Capital Corp. ("GECC") Schedules Third Quarter 2024 Earnings Release and Conference Call
PALM BEACH GARDENS, Fla., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, today announced it will release its financial results for the third quarter ended September 30, 2024 prior to the opening of the stock market on Thursday, October 31, 2024, and discuss these results in a conference call at 8:30 a.m. ET. Date/Time:Thursday, October 31, 2024 – 8:30 a.m. ET Participant Dial-In Numbers: (United States):(877) 407-0789(International):(201) 689-8562 To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode "GECC". An accompanyi
10/30/24 4:15:12 PM ET
$GECC
Finance: Consumer Services
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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. The Notes will mature on December 31, 2029, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after December 31, 2026. The Company has also granted the underwriters a 30-day opt
9/12/24 5:00:55 PM ET
$GECC
Finance: Consumer Services
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$GECC
Leadership Updates

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Lenders Funding Announces Retirement of Chief Operating Officer and Chief Credit Officer, Harvey Friedman and Appointment of John Benkovich
SAN DIEGO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Lenders Funding, LLC, a Great Elm Capital Corp. specialty finance company, ("we," "us," "our," the "Company" or "LF") announced today that Chief Operating Officer and Chief Credit Officer, Harvey Friedman, will be retiring after leading its credit operations and overall administration for 18 years. In retirement, Mr. Friedman will assume the role of Vice Chairman Emeritus. Mr. Friedman has served the factoring and asset-based lending industry for over 45 years. Prior to joining LF, Mr. Friedman was the Executive Vice President and Chief Credit Officer at Gibraltar Corporation of America ("GCA"), a wholly owned subsidiary of United Jersey Bank w
9/22/22 4:22:31 PM ET
$GECC
Finance: Consumer Services
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Great Elm Capital Corp. Announces New Board Leadership
WALTHAM, Mass., March 04, 2022 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "us," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced various enhancements to its leadership with the appointment of two new members to its board of directors (the "Board"), including a new Board chairman, who will each help support the Company's growth objectives. GECC expects to name an additional independent director shortly. "We are delighted to welcome such a strong group of new Board members who bring diverse expertise and insight to our work in specialty finance and credit investing," said Matt Kaplan, newly appointed CEO of GECC. "We have worked dilige
3/4/22 9:22:16 AM ET
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Great Elm Capital Corp. Announces CEO Transition
WALTHAM, Mass., March 04, 2022 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "us," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced that Peter Reed has resigned as Chief Executive Officer and stepped down from its board of the directors (the "Board"). The Board has unanimously appointed Matt Kaplan as CEO effective immediately. Mr. Kaplan assumes the CEO position at GECC after a career built in credit investing. He has served as a Portfolio Manager at Great Elm Capital Management ("GECM"), GECC's external investment advisor, since October 2020, during which time he has led GECM's investment team while repositioning GECC's portfolio toward
3/4/22 9:21:34 AM ET
$GECC
Finance: Consumer Services
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Great Elm Capital Q1 2024 GAAP EPS $0.37 Misses $0.41 Estimate, Sales $8.909M Miss $9.136M Estimate

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Recent Analyst Ratings for $GECC

$GECC Financials

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Great Elm Capital Corp. Announces Third Quarter 2024 Financial Results

Great Elm Capital Corp. ("GECC") Schedules Third Quarter 2024 Earnings Release and Conference Call

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

$GECC Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Drapkin Matthew A bought $95,236 worth of shares (9,600 units at $9.92), increasing direct ownership by 15% to 75,716 units (SEC Form 4)

Director Drapkin Matthew A bought $45,179 worth of shares (4,499 units at $10.04), increasing direct ownership by 7% to 66,116 units (SEC Form 4)

$GECC Analyst Ratings

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Janney initiated coverage on Great Elm Capital with a new price target

Oppenheimer initiated coverage on Great Elm Capital with a new price target

$GECC Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Amendment: CCO and Secretary Kleinman Adam M acquired 8,287 shares, increasing direct ownership by 26% to 40,344 units (SEC Form 4)

Amendment: CFO Davis Keri acquired 860 shares, increasing direct ownership by 5% to 19,392 units (SEC Form 4)

CEO and President Kaplan Matthew D acquired 42,121 shares, increasing direct ownership by 83% to 92,789 units (SEC Form 4)

$GECC SEC Filings

Great Elm Capital Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Great Elm Capital Corp.

SEC Form 424B1 filed by Great Elm Capital Corp.

$GECC Market Insights

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Great Elm Capital Q1 2024 GAAP EPS $0.37 Misses $0.41 Estimate, Sales $8.909M Miss $9.136M Estimate

Great Elm Capital Q4 Sales $9.16M Beat $9.13M Estimate

Great Elm Capital Q4 EPS $0.43 Misses $0.45 Estimate

$GECC Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Great Elm Capital Corp.

SEC Form SC 13G filed by Great Elm Capital Corp.

SEC Form SC 13G/A filed by Great Elm Capital Corp. (Amendment)

$GECC Press Releases

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Great Elm Capital Corp. Announces Third Quarter 2024 Financial Results

Great Elm Capital Corp. ("GECC") Schedules Third Quarter 2024 Earnings Release and Conference Call

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

$GECC Leadership Updates

Live Leadership Updates

Lenders Funding Announces Retirement of Chief Operating Officer and Chief Credit Officer, Harvey Friedman and Appointment of John Benkovich

Great Elm Capital Corp. Announces New Board Leadership

Great Elm Capital Corp. Announces CEO Transition

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