Great elm capital signals strong 2025 performance with record $12.5M investment income
Record Financial Performance: Great Elm Capital Corporation reported a record total investment income of $12.5 million in Q1 2025, with net investment income per share doubling to $0.40, driven by strategic portfolio enhancements and increased CLO joint venture contributions.
Management Outlook and Confidence: The management expressed confidence in sustaining income growth and covering dividends for the full year 2025, despite acknowledging unrealized losses from certain investments due to market volatility.
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Janney Montgomery Scott Keeps Neutral Rating on Great Elm Capital, Reduces Price Target to $10
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Great Elm Capital Corp. (GECC) Announces Date for Third Quarter 2025 Earnings Release and Conference Call
Financial Results Announcement: Great Elm Capital Corp. will release its third-quarter financial results for the period ending September 30, 2025, on November 4, 2025, after market close.
Conference Call Details: A conference call to discuss the financial results is scheduled for November 5, 2025, at 8:30 a.m. ET, with dial-in numbers provided for both U.S. and international participants.
Accessing the Call: Participants are encouraged to join the call five minutes early and use the passcode "GECC." A slide presentation will be available on the company's website after the earnings release.
Company Overview: Great Elm Capital Corp. is a business development company focused on generating income and capital appreciation through investments in debt and equity securities, particularly in specialty finance and CLOs.
Great Elm Capital Corp. (GECC) Responds to Investor Inquiries Regarding Its Initial Brands Investments
GECC's Investment Update: Great Elm Capital Corp. (GECC) reported significant exposure to First Brands Group, which recently filed for bankruptcy, leading GECC to place its First and Second Lien Loans on non-accrual status. The estimated adverse impact on GECC's net asset value is approximately $16.5 million for the quarter ending September 30, 2025.
Financial Impact and Capital Activity: GECC anticipates a decrease in net asset value per share by $1.15-$1.25 due to the bankruptcy, alongside an additional estimated impact of $0.25 per share from CLO investments. The company has raised approximately $27 million through share issuances and refinanced its debt, maintaining over $20 million in deployable cash for future investments.
Great Elm Capital Downgraded to Neutral by Lucid Capital Markets
Downgrade Announcement: Great Elm Capital (GECC) was downgraded from Buy to Neutral by Lucid Capital Markets due to premium valuation and revised credit outlook, with shares dropping 3.26% to $10.40.
Analysts' Insights: Analysts noted concerns over credit quality and a premium valuation, suggesting that while the company's long-term prospects are positive, near-term price outperformance is limited.
Valuation Metrics: The stock is currently trading at a price-to-net asset value (P/NAV) of 89%, which is above the peer median of 83%, indicating that shares are fairly valued.
Market Ratings: The downgrade aligns with an average Hold rating from Seeking Alpha authors, while Wall Street analysts maintain a Buy rating, and the SA Quant Rating system classifies the stock as a Strong Buy.
Clear Street Begins Coverage of Great Elm Capital with a Buy Rating and Sets Price Target at $11.5
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make timely decisions in the stock market.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from exclusive stories and insights provided by Benzinga reporters.
Great Elm Capital Corp. Announces $50 Million Public Offering of 7.75% Notes Maturing in 2030
Public Offering Announcement: Great Elm Capital Corp. has priced a public offering of $50 million in 7.75% notes due 2030, expecting to net approximately $48.1 million after expenses.
Use of Proceeds: The proceeds will primarily be used to redeem existing higher-interest notes and for general corporate purposes, including potential investments.
Janney Montgomery Scott Keeps Neutral Rating on Great Elm Capital, Reduces Price Target to $10
Real-time Intelligence: Benzinga Pro offers traders the fastest news alerts to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information that help traders succeed in the stock market.
Great Elm Capital Corp. (GECC) Announces Date for Third Quarter 2025 Earnings Release and Conference Call
Financial Results Announcement: Great Elm Capital Corp. will release its third-quarter financial results for the period ending September 30, 2025, on November 4, 2025, after market close.
Conference Call Details: A conference call to discuss the financial results is scheduled for November 5, 2025, at 8:30 a.m. ET, with dial-in numbers provided for both U.S. and international participants.
Accessing the Call: Participants are encouraged to join the call five minutes early and use the passcode "GECC." A slide presentation will be available on the company's website after the earnings release.
Company Overview: Great Elm Capital Corp. is a business development company focused on generating income and capital appreciation through investments in debt and equity securities, particularly in specialty finance and CLOs.
Great Elm Capital Corp. (GECC) Responds to Investor Inquiries Regarding Its Initial Brands Investments
GECC's Investment Update: Great Elm Capital Corp. (GECC) reported significant exposure to First Brands Group, which recently filed for bankruptcy, leading GECC to place its First and Second Lien Loans on non-accrual status. The estimated adverse impact on GECC's net asset value is approximately $16.5 million for the quarter ending September 30, 2025.
Financial Impact and Capital Activity: GECC anticipates a decrease in net asset value per share by $1.15-$1.25 due to the bankruptcy, alongside an additional estimated impact of $0.25 per share from CLO investments. The company has raised approximately $27 million through share issuances and refinanced its debt, maintaining over $20 million in deployable cash for future investments.
Great Elm Capital Downgraded to Neutral by Lucid Capital Markets
Downgrade Announcement: Great Elm Capital (GECC) was downgraded from Buy to Neutral by Lucid Capital Markets due to premium valuation and revised credit outlook, with shares dropping 3.26% to $10.40.
Analysts' Insights: Analysts noted concerns over credit quality and a premium valuation, suggesting that while the company's long-term prospects are positive, near-term price outperformance is limited.
Valuation Metrics: The stock is currently trading at a price-to-net asset value (P/NAV) of 89%, which is above the peer median of 83%, indicating that shares are fairly valued.
Market Ratings: The downgrade aligns with an average Hold rating from Seeking Alpha authors, while Wall Street analysts maintain a Buy rating, and the SA Quant Rating system classifies the stock as a Strong Buy.
Clear Street Begins Coverage of Great Elm Capital with a Buy Rating and Sets Price Target at $11.5
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make timely decisions in the stock market.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from exclusive stories and insights provided by Benzinga reporters.
Great Elm Capital Corp. Announces $50 Million Public Offering of 7.75% Notes Maturing in 2030
Public Offering Announcement: Great Elm Capital Corp. has priced a public offering of $50 million in 7.75% notes due 2030, expecting to net approximately $48.1 million after expenses.
Use of Proceeds: The proceeds will primarily be used to redeem existing higher-interest notes and for general corporate purposes, including potential investments.
