Great Elm Capital Corp (GECC)

The past six months have seen several significant events impacting Great Elm Capital Corp.'s stock price. GECC reported strong second-quarter 2025 financial results, achieving record total investment income of $14.3 million. In the third quarter of 2025, GECC successfully raised approximately $27 million in net proceeds through share issuances. GECC issued $50 million principal amount of 7.75% Notes due December 31, 2030, and redeemed all of its $40 million principal amount of 8.75% Notes due September 30, 2028. The bankruptcy filing of First Brands Group, LLC significantly impacted GECC's net asset value. The company announced its third-quarter 2025 financial results, reporting total investment income of $10.6 million, down from $14.3 million in the prior quarter. The Board approved a $0.37 quarterly dividend for Q4 2025 and authorized a $10 million share repurchase program. Over the last 12 months, GECC's stock price decreased by 37.34%, and in the past month, it decreased by 4.23%.

There is no explicit information indicating direct demand seasonality for Great Elm Capital Corp.'s products and services. Its performance is more likely influenced by broader economic conditions, credit market trends, and the specific performance of its portfolio companies rather than seasonal fluctuations.

Great Elm Capital Corp. (GECC) is an externally managed business development company (BDC) focused on generating current income and capital appreciation by investing in debt and income-generating equity securities, including specialty finance businesses and collateralized loan obligations (CLOs). The company operates within the financial services sector, specifically in the investment management and specialized finance industry. Its investment portfolio is segmented into corporate credit and specialty finance, with Great Elm Specialty Finance overseeing investments such as factoring for early-stage businesses, asset-backed lending (ABL) for small or medium businesses, and asset-based lending for healthcare-focused businesses.

Great Elm Capital Corp. is headquartered in Palm Beach Gardens, Florida, and was founded in 2016.

Great Elm Capital Corp.'s brand reputation over the past year has likely been affected by its financial performance and significant investment challenges. The substantial decline in net asset value due to the First Brands Group bankruptcy filing in October 2025 would have a negative impact on investor confidence. The company's efforts to strengthen its balance sheet through equity raises and debt refinancing, along with maintaining a dividend and initiating a share repurchase program, could be viewed positively.

Great Elm Capital Corp. has 27 institutional owners and shareholders who have filed 13D/G or 13F forms with the SEC, holding a total of 1,274,150 shares. Major institutional shareholders include Northern Right Capital Management, L.P., Cruiser Capital Advisors, Llc, Marshall Wace, Llp, and Wells Fargo & Company/mn. As of September 30, 2025, institutions held 7.08% of common stock, public corporations held 9.70%, private corporations held 14.95%, individuals/insiders held 11.65%, hedge fund managers held 5.70%, and PE/VC firms held 11.13%.