Great Elm Capital Q4 net investment income rises

Great Elm Capital Corp +3.06%

Great Elm Capital Corp

GECC

5.38

+3.06%


Overview

  • Business development company's Q4 net investment income grew over 50% quarter-over-quarter

  • Company repurchased $18.7 mln of GECCO notes due June 2026


Outlook

  • Company waives all accrued incentive fees through Q1 2026

  • Company declares $0.30 per share dividend for Q1 2026


Result Drivers

  • NET INVESTMENT INCOME - Q4 net investment income rose over 50% quarter-over-quarter, driven by increased cash income from investments

  • INCENTIVE FEE WAIVER - Waived $2.3 mln in accrued incentive fees


Company press release: ID:nGNX9VlF2Y


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

-$1.57

Q4 Net Asset Value Per Share

$8.07


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the closed end funds peer group is "hold"

  • Wall Street's median 12-month price target for Great Elm Capital Corp is $8.75, about 40.4% above its March 2 closing price of $6.23

  • The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago


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