Oppenheimer Initiates a Hold Rating on Great Elm Capital (GECC)
Great Elm Capital (GECC) received a Hold rating from Oppenheimer analyst Mitchel Penn yesterday. The company’s shares closed last Wednesday at $3.29.
According to TipRanks.com, Penn is a 3-star analyst with an average return of 15.8% and a 80.0% success rate. Penn covers the Financial sector, focusing on stocks such as Trinity Capital, Inc., Capital Southwest, and Golub Capital Bdc.
The word on The Street in general, suggests a Hold analyst consensus rating for Great Elm Capital.
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Based on Great Elm Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.63 million. In comparison, last year the company had a GAAP net loss of $1.59 million.
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Great Elm Capital Group, Inc. is a holding company, which engages in the investment and acquisition of businesses, securities and assets that has significant long-term value creation. It operates through the following segments: Investment Management, Real Estate, and General Corporate. The company was founded on December 16, 1994 and is headquartered in Waltham, MA.