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Great Elm Capital: Dramatic Downside Presents Opportunity To Accumulate (Rating Upgrade)
Seeking Alpha· 2025-10-10 06:30
Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds. Group 1: Investment Strategy - A solid base of classic dividend growth stocks can be complemented with other asset types to create a balanced portfolio [1] - The hybrid system developed allows for capturing total returns that align with the performance of the S&P index [1] Group 2: Investment Focus - The focus is on high-quality dividend stocks and assets that provide potential for long-term growth and income generation [1] - The strategy aims to boost investment income effectively while maintaining a total return that is competitive with traditional investment vehicles [1]
Strength Seen in Great Elm Capital (GECC): Can Its 5.6% Jump Turn into More Strength?
ZACKS· 2025-10-08 14:31
Great Elm Capital (GECC) shares rallied 5.6% in the last trading session to close at $8.1. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 32.1% loss over the past four weeks.As the Federal Reserve cut interest rates last month and hinted at more rate cuts this year, loan demand has increased for BDCs given the decline in borrowing costs. This positive development probably drove the Great Elm Capital stock hi ...
Great Elm Capital (GECC) - 2025 Q3 - Quarterly Results
2025-10-07 12:35
[Filing Information](index=1&type=section&id=Filing%20Information) This section details the registrant's corporate information and lists its various classes of securities registered on the Nasdaq Global Market [Registrant and Securities Details](index=1&type=section&id=Registrant%20and%20Securities%20Details) This section provides the general filing information for Great Elm Capital Corp.'s Form 8-K, detailing the registrant's corporate information and listing its various classes of securities registered on the Nasdaq Global Market - **Great Elm Capital Corp.** is the registrant[1](index=1&type=chunk) - Jurisdiction of incorporation is **Maryland**[1](index=1&type=chunk) - The registrant is not an emerging growth company[3](index=3&type=chunk) Securities Registered on Nasdaq Global Market | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :------------------ | :---------------- | :---------------------------------------- | | Common stock, $0.01 par value | GECC | Nasdaq Global Market | | 5.875% Notes due 2026 | GECCO | Nasdaq Global Market | | 8.50% Notes due 2029 | GECCI | Nasdaq Global Market | | 8.125% Notes due 2029 | GECCH | Nasdaq Global Market | | 7.75% Notes due 2030 | GECCG | Nasdaq Global Market | [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This item reports the issuance of a press release containing preliminary unaudited financial information for the quarter ended September 30, 2025 [Preliminary Financial Information](index=2&type=section&id=Preliminary%20Financial%20Information) Great Elm Capital Corp. announced the issuance of a press release on October 7, 2025, which includes selected preliminary and unaudited financial information for the quarter ended September 30, 2025 - Great Elm Capital Corp. issued a press release on **October 7, 2025**[4](index=4&type=chunk) - The press release contained selected preliminary and unaudited financial information[4](index=4&type=chunk) - Financial information covers the quarter ended **September 30, 2025**[4](index=4&type=chunk) - The press release is furnished as **Exhibit 99.1**[4](index=4&type=chunk) [Item 8.01 Other Events](index=2&type=section&id=Item%208.01%20Other%20Events) This item formally incorporates by reference the preliminary financial information and results of operations discussed in Item 2.02 [Cross-Reference to Financial Information](index=2&type=section&id=Cross-Reference%20to%20Financial%20Information) This section formally incorporates by reference the preliminary financial information and results of operations discussed in Item 2.02 of this report - Information from **Item 2.02** is incorporated by reference into **Item 8.01**[5](index=5&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This item lists the exhibits furnished with the Form 8-K, including the press release and inline XBRL cover page [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) This section provides a list of exhibits furnished with the Form 8-K, including the press release containing preliminary financial information and the inline XBRL formatted cover page Exhibits Furnished | Exhibit Number | Description | | :------------- | :------------------------------------------------ | | 99.1 | Press Release, dated October 7, 2025 | | 104 | The cover page of this Current Report on Form 8-K, formatted as inline XBRL | - The listed exhibits are furnished with the report but are not deemed filed[7](index=7&type=chunk) [Signatures](index=3&type=section&id=SIGNATURES) This section confirms the official signing and authorization of the report by the Chief Financial Officer, in compliance with the Securities Exchange Act of 1934 [Authorization and Filing](index=3&type=section&id=Authorization%20and%20Filing) The report was officially signed on October 7, 2025, by Keri A. Davis, Chief Financial Officer of Great Elm Capital Corp., confirming its due authorization and compliance with the Securities Exchange Act of 1934 - The report was signed on behalf of Great Elm Capital Corp. on **October 7, 2025**[10](index=10&type=chunk)[11](index=11&type=chunk) - Signed by **Keri A. Davis**, Chief Financial Officer[11](index=11&type=chunk) - The signing is pursuant to the requirements of the **Securities Exchange Act of 1934**[9](index=9&type=chunk)
Great Elm Capital Corp. (“GECC”) Addresses Investor Questions with Respect to its First Brands Investments
Globenewswire· 2025-10-07 12:30
PALM BEACH GARDENS, Fla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“GECC” or the “Company”) (NASDAQ: GECC), a business development company, today provided an update on its investment in First Brands Group, LLC (“First Brands”). Update on First Brands Exposure In response to numerous investor inquiries, GECC is providing additional details regarding its exposure to First Brands, a global automotive parts manufacturer and supplier that filed for Bankruptcy at the end of September. GECC place ...
Great Elm Capital Corp. Prices Public Offering of $50 Million of 7.75% Notes Due 2030
Globenewswire· 2025-09-04 21:36
Core Viewpoint - Great Elm Capital Corp. (GECC) has announced a public offering of $50 million in 7.75% notes due 2030, with net proceeds expected to be approximately $48.1 million after expenses [1][4]. Group 1: Offering Details - The notes will mature on December 31, 2030, and can be redeemed by the company starting December 31, 2027 [2]. - Underwriters have a 30-day option to purchase an additional $7.5 million in notes to cover over-allotments [2]. - The transaction is subject to customary closing conditions, with expected delivery around September 11, 2025 [3]. Group 2: Use of Proceeds - The net proceeds will primarily be used to redeem all outstanding 8.75% notes due 2028 [4]. - Remaining proceeds may be allocated to redeem or repurchase other outstanding notes due in 2026 and 2029, repay borrowings under the revolving credit facility, or for general corporate purposes [4]. Group 3: Company Overview - Great Elm Capital Corp. is an externally managed business development company focused on generating income and capital appreciation through investments in debt and income-generating equity securities [9].
Great Elm Capital Corp. (“GECC”) Raises $15.0 Million of Equity
Globenewswire· 2025-08-27 20:05
Core Viewpoint - Great Elm Capital Corp. (GECC) has successfully raised approximately $15 million through the issuance of 1.3 million shares, representing 9.9% of its outstanding common stock, to an affiliate of newly appointed director Booker Smith, indicating strong institutional support and confidence in the company's turnaround strategy [1][3]. Group 1: Capital Raise and Financial Impact - The capital raise at $11.65 per share contributes to GECC's ongoing growth, with nearly $30 million raised in equity over the past 12 months, enhancing the company's balance sheet and supporting its long-term investment strategy [2][3]. - The additional capital allows GECC to pursue attractive investment opportunities in the current market, reflecting a vote of confidence in the company's progress since its turnaround began in March 2022 [3]. Group 2: Investment Strategy - GECC's investment strategy focuses on generating sustainable income and total return through investments in debt instruments, income-producing equity, and specialty finance businesses [3][4]. - The company is an externally managed business development company that aims for capital appreciation by investing in debt and income-generating equity securities, including specialty finance businesses and collateralized loan obligations (CLOs) [4].
Great Elm Group Announces Strategic Investments, New Board Member, and Timing of Fiscal 2025 Earnings Release
Globenewswire· 2025-08-27 20:05
Core Insights - Great Elm Group, Inc. announced a strategic investment from Woodstead, an institutional investor, involving the purchase of 4.0 million shares of GEG's common stock at $2.25 per share, totaling $9.0 million [1][2] - Booker Smith has joined GEG's Board of Directors, bringing extensive experience in corporate credit and real estate investing, which will support GEG's strategic priorities [3][4] - The transaction aims to provide growth capital for GEG to expand its assets under management and enhance profitability, with long-term alignment between Woodstead and GEG shareholders through warrants [5][6] Transaction Details - Woodstead is purchasing 4.0 million shares at $2.25 per share, generating gross proceeds of $9.0 million, and will hold 10-year warrants for an additional 2.0 million shares at prices of $3.50 and $5.00 [2][7] - Separately, Great Elm Capital Corp. issued approximately 1.3 million shares to Poor Richard LLC, an affiliate of Booker Smith, at $11.65 per share, raising $15.0 million, which strengthens GECC's balance sheet [6][7] Strategic and Financial Impact - The investment is expected to provide new growth capital for GEG, facilitating the expansion of assets under management and profitability enhancement [5] - The capital raised by GECC is anticipated to generate incremental management fees for GEG once deployed, reflecting investor confidence in GECC's turnaround since March 2022 [6][7] Upcoming Events - GEG will release its fiscal 2025 earnings after market close on September 2, 2025, followed by a conference call on September 3, 2025, at 8:30 a.m. ET [1][8]
Great Elm Capital Corp. Announces Amended and Upsized Revolving Credit Facility
Globenewswire· 2025-08-13 12:00
Core Viewpoint - Great Elm Capital Corp. has amended its revolving credit facility with City National Bank, increasing its borrowing capacity and reducing interest rates, which reflects the company's strong operational performance and enhances its financial flexibility [1][2]. Group 1: Credit Facility Amendment - The borrowing capacity under the Revolving Credit Facility has been increased from $25.0 million to $50.0 million, with the potential to reach a maximum of $90.0 million under certain conditions [1]. - The interest rate on the Revolving Credit Facility has been reduced from SOFR plus 3.00% to SOFR plus 2.50% [1]. Group 2: Management Commentary - The CEO of Great Elm Capital Corp. expressed satisfaction with the amendment, highlighting it as a testament to the company's growing capital base and operational performance since the initial commitment in 2021 [2]. - The amendment is seen as a strategic move to reduce borrowing costs and enhance the company's ability to fund attractive investment opportunities with favorable risk-adjusted returns [2]. Group 3: Company Overview - Great Elm Capital Corp. is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses and CLOs [3].
Buy Great Elm Capital Corporation's GECCI, Sell Capital Southwest's CSWCZ
Seeking Alpha· 2025-08-12 14:45
Group 1 - The article discusses investment opportunities in two Business Development Companies (BDCs): Great Elm Capital Corporation (NASDAQ: GECC) and Capital Southwest [1] - The focus is on investments that can yield good profits in a short time frame [1] - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1] Group 2 - The article emphasizes the importance of active investor participation and provides a platform for discussion among sophisticated traders and investors [1] - There is a mention of a beneficial long position in the shares of GECC, indicating a positive outlook on the stock [1]
Great Elm Capital (GECC) - 2025 Q2 - Earnings Call Presentation
2025-08-05 12:30
Financial Performance Highlights - Total Investment Income (TII) increased by 143% from $125 million in Q1 2025 to a record $143 million in Q2 2025[6, 11] - Net Investment Income (NII) increased from $46 million ($040 per share) in Q1 2025 to $59 million ($051 per share) in Q2 2025[6, 13] - Net assets increased from $1323 million ($1146 per share) in Q1 2025 to $1400 million ($1210 per share) in Q2 2025[6, 16] - The company issued approximately 24000 shares through the at-the-market equity program, generating net proceeds of about $03 million[6] Portfolio Composition - The fair value of the total portfolio is $3351 million[10] - Debt investments constitute 649% of the portfolio, with a fair value of $2174 million and a weighted average current yield of 125%[21, 10] - CLO investments account for 165% of the portfolio, with a fair value of $554 million[21] - Floating rate debt represents 73% of the debt holdings, while fixed rate debt accounts for 27%[27] CLO Platform - The company deployed $532 million into the CLO JV and $62 million directly into one CLO Equity position[42] - The CLO JV holds majority equity positions in three CLOs with exposure to $11 billion of underlying assets[42] - The company received approximately $118 million of distributions from the CLO JV since its inception in April 2024, resulting in an IRR of 182%[42] Distribution - The Board approved a distribution of $037 per share for the quarter ending September 30, 2025[6, 7] - This distribution equates to an annualized yield of 135% on the closing market price of $1098 on August 1, 2025, and 122% on the June 30, 2025 NAV of $1210 per share[6, 7]