Great Elm Capital Corp. (NASDAQ:GECC) is included among the 15 Stocks with Highest Dividend to Invest in.
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On November 7, Clear Street analyst Mickey Schleien reduced the firm’s price target on Great Elm Capital Corp. (NASDAQ:GECC) to $8.50 from $10 while maintaining a Buy rating on the shares. Schleien noted that the company experienced a “rough” Q3 with multiple credit issues and expects lower earnings ahead, along with potential dividend pressure in 2026.
During the third quarter of 2025, Great Elm Capital Corp. (NASDAQ:GECC)’s Board maintained a $0.37 per share distribution and approved a $10 million share repurchase program. The company strengthened its balance sheet by raising $27 million in equity and refinancing its highest-cost debt.
Great Elm Capital Corp. (NASDAQ:GECC) reported net investment income (NII) of $2.4 million, or $0.20 per share, down from $5.9 million, or $0.51 per share, in Q2 2025. The decline was primarily due to the absence of a distribution from an insurance-related investment. Management emphasized its strategy of deploying $25 million in cash, along with over $20 million from monetizing non-yielding assets, into income-generating investments.
Great Elm Capital Corp. (NASDAQ:GECC) is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-producing equity securities, including specialty finance businesses and collateralized loan obligations (CLOs).
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