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Great Elm Capital Corporation (GECC)
NASDAQ:GECC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -8.75%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mix of positive long-term strategic growth indicators, such as the increased dividend, market capitalization growth, and successful CLO joint ventures, against short-term challenges like the decline in net investment income and temporary impacts on earnings. The company appears optimistic about its ability to cover dividends and sustain growth, despite these challenges.Company Guidance
During the Great Elm Capital Corporation's fourth quarter 2024 financial results call, CEO Matt Kaplan emphasized the company's strategic initiatives and financial performance. The company reported a net asset value (NAV) per share decrease to $11.79, impacted by uneven CLO distributions and refinancing charges. Despite this, Great Elm's market capitalization doubled to over $120 million, with a 30% cumulative return on NAV per share over two years. The company raised nearly $150 million in capital, increasing its corporate portfolio by 34% to $240 million, and declared a 6% dividend increase to $0.37 per share for Q1 2025. Great Elm's investment in CLOs is projected to yield high teens to 20% IRRs, and the company remains confident in covering its 2025 dividend and delivering attractive risk-adjusted returns for shareholders.Dividend Increase
The Board declared a 6% increase to the quarterly base dividend to $0.37 per share for the first quarter of 2025, up from $0.35, showcasing a commitment to delivering meaningful value to shareholders.
Market Capitalization Growth
GECC's market capitalization doubled from $60 million to over $120 million over 2023 and 2024, indicating strong growth.
Net Asset Value Growth
NAV per share increased by over $0.60, and total return on stock was nearly 80%, outperforming the Cliffwater and S&P BDC indices.
CLO Joint Venture
Executed a joint venture with a high-quality partner to invest in CLOs, improving long-term returns for shareholders.
Corporate Portfolio Growth
Corporate portfolio grew by 34% in 2024, holding $240 million of investments and increasing exposure to first lien loans.
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GECC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GECC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $10.17 | $10.16 | -0.10% |
| Oct 31, 2024 | $9.32 | $9.00 | -3.43% |
| Aug 01, 2024 | $9.67 | $9.19 | -4.96% |
| May 02, 2024 | $8.89 | $8.86 | -0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Great Elm Capital Corporation (GECC) report earnings?
Great Elm Capital Corporation (GECC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Great Elm Capital Corporation (GECC) earnings time?
Great Elm Capital Corporation (GECC) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GECC EPS forecast?
GECC EPS forecast for the fiscal quarter 2025 (Q1) is 0.39.
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