Great Elm Capital Corp Stock Price, News & Analysis

Great Elm Capital Corp. (GECC) announced that its 2023 Annual Stockholders’ Meeting is scheduled for June 1, 2023. Stockholders of record as of April 10, 2023, will receive a notice of the meeting and proxy statement around April 21, 2023. GECC is a business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, particularly in specialty finance businesses.

Great Elm Capital Corp. (GECC) announced its financial results for Q4 and the full year ending December 31, 2022. The company reported a net investment income (NII) of $2.3 million, or $0.30 per share, more than doubling from $1.1 million in Q3 2022. However, net assets decreased to $84.8 million from $95.5 million in the previous quarter, largely due to unrealized losses. GECC's asset coverage ratio stood at 154.4%. The company declared a quarterly dividend of $0.35 per share, yielding 12.5% based on year-end NAV. GECC also launched a new healthcare financing venture with Berkadia, aiming to enhance its investment strategy.

Great Elm Capital Corp. (NASDAQ: GECC) announced a conference call scheduled for March 2, 2023 at 8:30 a.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The earnings release will be available before the market opens on the same day. Investors can access the call via a dial-in number or a webcast through the company's Investor Relations section. Great Elm Capital Corp. focuses on generating income and capital appreciation through investments in debt and equity securities in specialty finance.

Great Elm Capital Corp. (GECC) has launched Great Elm Healthcare Finance (GEHF) in partnership with Berkadia, targeting US healthcare sector funding. Led by industry veteran Michael Gervais as CEO, GEHF aims to provide capital for working capital, refinancing, acquisition, and recapitalization across various healthcare facilities. This venture, leveraging GECC's existing infrastructure and Berkadia's expertise, promises to capitalize on growing investment opportunities in healthcare. The management team boasts over 30 years of combined experience in healthcare finance.

Great Elm Capital Corp. (GECC) announced its third-quarter financial results for 2022, reporting a net investment income (NII) of $1.1 million, or $0.14 per share. The company experienced a decline in net assets to $95.5 million from $97.6 million in the previous quarter. NAV per share also fell to $12.56 from $12.84. The board approved a $0.45 quarterly dividend for Q4 2022, yielding 14.3% based on September's NAV. The formation of Great Elm Healthcare Finance was highlighted as a key development, aiming to support healthcare-related businesses.

Great Elm Capital Corp. (GECC) will release its Q3 financial results on November 3, 2022, prior to market opening. A conference call will follow at 11:00 a.m. ET for discussing these results. Investors can access the call by dialing (877) 407-0789 in the U.S. or (201) 689-8562 internationally. The presentation will be available online after the earnings release. GECC focuses on generating current income and capital appreciation through investments in debt and equity securities within specialty finance.

Harvey Friedman will retire after 18 years as Chief Operating Officer and Chief Credit Officer at Lenders Funding, transitioning to Vice Chairman Emeritus. His tenure significantly enhanced the company's growth in the specialty finance sector. Replacing him is John Benkovich, formerly President of Millennium Funding, who brings over 25 years of industry experience. Great Elm Capital Corp., Lenders Funding's parent company, expressed gratitude for Friedman's contributions while anticipating Benkovich's leadership in executing growth strategies.

Great Elm Capital Corp. (GECC) announced its Q2 2022 financial results, reporting a net investment income of $1.2 million ($0.23 per share) and a significant increase in net assets to $97.6 million from $69.3 million in Q1 2022. The company completed a rights offering, raising $37.5 million by selling 3 million shares. NAV per share decreased to $12.84 from $15.06 in Q1 2022. GECC approved a quarterly dividend of $0.45 per share, yielding 14.0% based on June 30, 2022 NAV. The company has a robust asset coverage ratio of 166.9% and is focused on specialty finance investment opportunities.