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.
GECC
$7.07+Infinity%1D
Analyst Views on GECC
Wall Street analysts forecast GECC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GECC is 9.83 USD with a low forecast of 8.50 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast GECC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GECC is 9.83 USD with a low forecast of 8.50 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 6.930
Low
8.50
Averages
9.83
High
11.00
Current: 6.930
Low
8.50
Averages
9.83
High
11.00
Clear Street
Mickey Schleien
Buy
downgrade
$10
2025-11-07
Reason
Clear Street
Mickey Schleien
Price Target
$10
2025-11-07
downgrade
Buy
Reason
Clear Street analyst Mickey Schleien lowered the firm's price target on Great Elm Capital to $8.50 from $10 and keeps a Buy rating on the shares. The company reported a "rough" Q3 with multiple credit issues, the analyst tells investors in a research note. The firm now expects lower forward earnings and possible dividend pressure in 2026 for Great Elm.
Janney Montgomery Scott
Neutral
downgrade
$12 -> $10
2025-11-06
Reason
Janney Montgomery Scott
Price Target
$12 -> $10
2025-11-06
downgrade
Neutral
Reason
Janney Montgomery Scott lowered the firm's price target on Great Elm Capital to $10 from $12 and keeps a Neutral rating on the shares.
Lucid Capital
Lucid Capital
Buy -> Neutral
downgrade
$12 -> $11
2025-09-30
Reason
Lucid Capital
Lucid Capital
Price Target
$12 -> $11
2025-09-30
downgrade
Buy -> Neutral
Reason
Lucid Capital downgraded Great Elm Capital to Neutral from Buy with a price target of $11, down from $12.
Lucid Capital
Buy
to
Neutral
downgrade
$12 -> $11
2025-09-30
Reason
Lucid Capital
Price Target
$12 -> $11
2025-09-30
downgrade
Buy
to
Neutral
Reason
Lucid Capital downgraded Great Elm Capital to Neutral from Buy with a price target of $11, down from $12. Great Elm's "premium" valuation and new concerns over its credit quality could limit the stock's near-term upside potential, the analyst tells investors in a research note. The firm points out that auto parts manufacturer First Brands filed for Chapter 11 bankruptcy protection yesterday. Great Elm has been a lender to First Brands since 2020, it added. Lucid views the stock as fairly valued at current levels.
About GECC
Great Elm Capital Corp. operates as a closed-end, externally managed, non-diversified management investment company. The Company’s objective seeks to generate current income and capital appreciation through debt and income-generating equity investments, including investments in specialty finance businesses. It invests in secured and senior secured debt instruments of middle market companies, as well as income-generating equity investments in specialty finance companies. In addition, it invests in collateralized loan obligations (CLOs) and related warehouse facilities. It also makes investments throughout other portions of a company’s capital structure, including subordinated debt, mezzanine debt, and equity or equity-linked securities. The Company is managed by Great Elm Capital Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
