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Great Elm Capital Corp - GECC STOCK NEWS

Welcome to our dedicated news page for Great Elm Capital (Ticker: GECC), a resource for investors and traders seeking the latest updates and insights on Great Elm Capital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Great Elm Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Great Elm Capital's position in the market.

News
Great Elm Capital Corp. Prices Public Offering of $30,000,000 of 8.50% Notes Due 2029
Rhea-AI Summary
Great Elm Capital Corp. (GECC) announces the pricing of $30 million worth of 8.50% notes due 2029, resulting in net proceeds of approximately $28.6 million. The Notes can be redeemed from April 30, 2026, onwards, with additional over-allotment options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
Tags
offering
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News
Great Elm Capital Corp. Announces Public Offering of Unsecured Notes
Rhea-AI Summary
Great Elm Capital Corp. (GECC) announces a public offering of unsecured notes due 2029 to be listed on Nasdaq Global Market under the trading symbol 'GECCI'. The company plans to use the proceeds for general corporate purposes and potentially redeem outstanding notes or repay borrowings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
offering
-
News
Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Great Elm Capital Corp. (GECC) announces strong financial results for Q4 and full year 2023, with NII exceeding dividends, NAV growth, and improved asset coverage ratio. Raised $24 million in equity, extended Revolver maturity, and paid special distribution. Quarterly dividend of $0.35 declared for Q1 2024. GECC's CEO highlights successful growth strategy and investment progress. Portfolio valued at $230.6 million with a weighted average current yield of 13.8%. Financial review shows total investment income of $9.2 million in Q4 2023. Liquidity remains strong with $11.8 million in cash. Conference call scheduled for further discussion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
earnings
News
Great Elm Capital Corp. (“GECC”) Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Great Elm Capital Corp. (GECC) will release its financial results for Q4 and full year 2023 on February 29, 2024, followed by a conference call at 8:30 a.m. ET. Participants can access the call through dial-in numbers or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
earnings
-
News
Great Elm Capital Corp. (“GECC”) Raises $24 Million of Equity at Net Asset Value
Rhea-AI Summary
Great Elm Capital Corp. (GECC) announced the issuance of 1.85 million shares of common stock at a net asset value of $12.97 per share for a gross purchase price of $24 million. The company's Board of Directors approved a quarterly cash distribution of $0.35 per share for the quarter ending March 31, 2024. The Company generated net investment income of $0.43 per share for the quarter ended December 31, 2023, and ended the year with net assets of $98.7 million, or $12.99 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.48%
Tags
none
-
News
Great Elm Capital Corp. (“GECC”) Declares $0.10 Per Common Share Special Cash Distribution
Rhea-AI Summary
Great Elm Capital Corp. (GECC) declares a special cash distribution of $0.10 per common share, payable on January 12, 2024, to stockholders of record as of December 29, 2023. The distribution is attributed to the portfolio's strong 2023 performance, with net investment income exceeding regular quarterly distribution for the first three quarters, reflecting the company's commitment to maximizing shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
none
News
Great Elm Capital Corp. (“GECC”) Extends Revolving Credit Facility, Lowers Cost of Capital
Rhea-AI Summary
Great Elm Capital Corp. (GECC) extends its $25 million revolving line of credit by three years, with a reduced borrowing rate of SOFR plus 300 bps, showcasing confidence from lenders and providing flexibility for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
none
-
News
Great Elm Capital Corp. Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Great Elm Capital Corp. (GECC) announced its financial results for Q3 2023. Net investment income was $3.1 million, or $0.40 per share, compared to $3.4 million, or $0.44 per share, in Q2 2023. Net assets increased to $97.9 million, or $12.88 per share. GECC successfully refinanced its 6.50% Notes due 2024. The Board of Directors approved a quarterly dividend of $0.35 per share for Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
Tags
earnings
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News
Great Elm Capital Corp. (“GECC”) Schedules Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Great Elm Capital Corp. (GECC) will release its financial results for the third quarter ended September 30, 2023 on November 2, 2023. A conference call to discuss these results will be held at 8:30 a.m. ET. Participant dial-in numbers are (877) 407-0789 for the United States and (201) 689-8562 for international callers. The passcode for the call is 'GECC'. A slide presentation will be available on the company's Investor Relations website after the earnings release. The call and presentation will also be webcasted via the Investor Relations section of GECC's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
earnings
News
Great Elm Capital Corp. Prices Public Offering of $40,000,000 of 8.75% Notes Due 2028
Rhea-AI Summary
Great Elm Capital Corp. (GECC) has priced its underwritten public offering of $40 million aggregate principal amount of 8.75% notes due 2028. The offering will result in net proceeds of approximately $38.2 million for the company. The notes can be redeemed in whole or in part starting from September 30, 2025. The underwriters have a 30-day option to purchase an additional $6 million aggregate principal amount of notes. The transaction is subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
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Great Elm Capital Corp

Nasdaq:GECC

GECC Rankings

#4255 Ranked by Market Cap
#2914 Ranked by Stock Gains
N/A Ranked by Dividends

GECC Stock Data

98.12M
37.39%
22%
0.16%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Waltham

About GECC

great elm capital corp. (nasdaq: gecc, “gecc”) is an externally managed, specialty finance company focused on investing in the debt instruments of middle market companies. gecc has elected to be regulated as a business development company (“bdc”) under the investment company act of 1940, as amended. gecc is managed by great elm capital management (“gecm”). gecm’s investment team has deployed more than $17 billion into more than 550 issuers across 20+ jurisdictions over the team’s 14 year history under mast capital management, llc. now led by peter a. reed, gecc’s chief executive officer, gecm’s investment team has more than 100 years of aggregate experience financing and investing in leveraged middle market companies. investment objective: gecc’s investment objective is to generate both current income and capital appreciation, while seeking to protect against risk of permanent capital loss. gecc will invest predominantly in the debt securities of middle market companies, which gecm def