Great Elm Capital Corp Aktie News

Great Elm Capital Corporation holds assets near $420 million and a market cap of about $108 million. GECC's portfolio spans 85 investments in 58 companies across 27 industries, with technology comprising 17.5%. GECC common stock trades at approximately $15, reflecting a 10.7% premium to net asset value.

The article highlights four major risks facing the private credit market - the four horsemen of the BDC Apocalypse. This includes lending to non-prime borrowers and receivables financing. AI-driven disruption in software companies and growing competition in private credit. So far these risks have not materialized in actual BDC results; however, they are worth considering when allocating to the ...

Great Elm Capital Corporation ( GECC ) Q3 2025 Earnings Call November 5, 2025 8:30 AM EST Company Participants Adam Yates - Portfolio Manager Matt Kaplan - CEO & President Keri Davis - CFO & Treasurer Michael Keller - President - Specialty Finance Business, Great Elm Capital Corp. Conference Call Participants Erik Zwick - Lucid Capital Markets, LLC, Research Division Presentation Operator Good ...

Board Maintains $0.37 Per Share Distribution and Announces $10 Million Share Repurchase Authorization GECC Strengthened its Balance Sheet Raising $27 Million of Equity and Refinancing Highest Cost Debt NAV Decline From $12.10 to $10.01 Per Share Primarily Due to Losses on First Brands; NII Lower As Anticipated Due to Uneven CLO JV Distributions and Lack of a Preference Share Dividend  NII Expec...

Conference Call Scheduled for Wednesday, November 5, 2025 at 8:30 a.m. ET Conference Call Scheduled for Wednesday, November 5, 2025 at 8:30 a.m. ET

Great Elm Capital faces some headwinds from its 10.7% portfolio exposure to First Brands Group and pending Fed rate cuts. GECC's dividend yield has surged to 19.6% as shares have dropped 31% year-to-date, with a dividend history marked by volatility. Despite record quarterly investment income, GECC's high yield is not a clear buy, but the market has likely overreacted.

Business development companies (BDCs) are selling off. Recent bankruptcies are sparking fears across private credit. I review the best BDC opportunities following the sell-off.

Great Elm Capital is upgraded to a buy, driven by a deep 33% discount to NAV and an 18.8% dividend yield. GECC's portfolio remains diversified, with 47% in first lien loans and 73% floating rate assets, benefiting from higher interest rates. The recent share price decline is seen as overdone, with non-accruals at ~3% and limited impact from portfolio bankruptcies like First Brands.