Great Elm Capital (GECC)


Market Price (8/8/2026): $5.88 | Market Cap: $81.7 MilSector: Financials | Industry: Asset Management & Custody Banks

Great Elm Capital (GECC)


Market Price (8/8/2026): $5.88
Market Cap: $81.7 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Dividend Yield is 22%, FCF Yield is 37%

Low stock price volatility
Vol 12M is 42%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit.

Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -60%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.32

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is -33 Mil

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 196%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -236%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -55%, Rev Chg QQuarterly Revenue Change % is -45%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30%

Key risks
GECC key risks include [1] significant financial exposure from the failure of individual portfolio companies, Show more.

0 Attractive yield
Dividend Yield is 22%, FCF Yield is 37%
1 Low stock price volatility
Vol 12M is 42%
2 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit.
3 Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -60%
4 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.32
5 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is -33 Mil
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 196%
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -236%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -55%, Rev Chg QQuarterly Revenue Change % is -45%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30%
9 Key risks
GECC key risks include [1] significant financial exposure from the failure of individual portfolio companies, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 8/6/2026

Great Elm Capital (GECC) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Strong Net Asset Value (NAV) Growth Fueled by Investment Gains. Great Elm Capital's Net Asset Value per share increased by approximately 3% quarter-over-quarter, reaching $7.95 as of June 30, 2026, up from $7.74 on March 31, 2026. This growth was primarily driven by realized and unrealized investment gains, notably from its CoreWeave-related equity investment, which generated $2.6 million in distributions during fiscal Q2 2026, exceeding its original $6.0 million investment.

2. Robust Net Investment Income (NII) and Covered Dividend. The company reported Net Investment Income of $4.5 million, or $0.32 per share, for fiscal Q2 2026, which fully covered the declared quarterly cash distribution of $0.25 per share for fiscal Q3 2026. This distribution implies an 18.9% annualized yield based on the August 4, 2026, closing price. Pre-incentive fee NII also saw a substantial increase of approximately 66% to $4.5 million in fiscal Q2 2026 from $2.7 million in fiscal Q1 2026.

Show more
Updated on 8/6/2026

Great Elm Capital (GECC) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Strong Net Asset Value (NAV) Growth Fueled by Investment Gains. Great Elm Capital's Net Asset Value per share increased by approximately 3% quarter-over-quarter, reaching $7.95 as of June 30, 2026, up from $7.74 on March 31, 2026. This growth was primarily driven by realized and unrealized investment gains, notably from its CoreWeave-related equity investment, which generated $2.6 million in distributions during fiscal Q2 2026, exceeding its original $6.0 million investment.

2. Robust Net Investment Income (NII) and Covered Dividend. The company reported Net Investment Income of $4.5 million, or $0.32 per share, for fiscal Q2 2026, which fully covered the declared quarterly cash distribution of $0.25 per share for fiscal Q3 2026. This distribution implies an 18.9% annualized yield based on the August 4, 2026, closing price. Pre-incentive fee NII also saw a substantial increase of approximately 66% to $4.5 million in fiscal Q2 2026 from $2.7 million in fiscal Q1 2026.

3. Strengthened Balance Sheet and Prudent Capital Management. Great Elm Capital improved its financial flexibility by increasing its asset coverage ratio to 166.4% as of June 30, 2026, from 161.8% at March 31, 2026. The company also reduced its debt-to-equity ratio from 1.62 times to 1.51 times and extended the maturity of its revolving credit facility from 2027 to 2029, with no debt maturities until 2029. Additionally, GECC repurchased approximately 0.1 million shares for $0.5 million at an average price of $4.98 per share, representing a 37% discount to its June 30, 2026, NAV.

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Stock Movement Drivers

Fundamental Drivers

The 11.6% change in GECC stock from 4/30/2026 to 8/7/2026 was primarily driven by a 41.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268072026Change
Stock Price ($)5.275.8811.6%
Change Contribution By: 
Total Revenues ($ Mil)-23-3341.5%
P/S Multiple-3.1-2.5-21.8%
Shares Outstanding (Mil)14140.9%
Cumulative Contribution11.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/7/2026
ReturnCorrelation
GECC11.6% 
Market (SPY)7.6%19.6%
Sector (XLF)10.5%-11.0%

Fundamental Drivers

The -7.4% change in GECC stock from 1/31/2026 to 8/7/2026 was primarily driven by a -18764.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268072026Change
Stock Price ($)6.355.88-7.4%
Change Contribution By: 
Total Revenues ($ Mil)0-33-18764.6%
P/S Multiple439.6-2.5-100.6%
Shares Outstanding (Mil)1214-11.3%
Cumulative Contribution-7.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/7/2026
ReturnCorrelation
GECC-7.4% 
Market (SPY)12.1%23.6%
Sector (XLF)8.3%8.2%

Fundamental Drivers

The -35.9% change in GECC stock from 7/31/2025 to 8/7/2026 was primarily driven by a -398.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258072026Change
Stock Price ($)9.175.88-35.9%
Change Contribution By: 
Total Revenues ($ Mil)11-33-398.6%
P/S Multiple9.5-2.5-125.8%
Shares Outstanding (Mil)1214-16.9%
Cumulative Contribution-35.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/7/2026
ReturnCorrelation
GECC-35.9% 
Market (SPY)23.4%17.8%
Sector (XLF)11.3%13.3%

Fundamental Drivers

The 12.5% change in GECC stock from 7/31/2023 to 8/7/2026 was primarily driven by a -45.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120238072026Change
Stock Price ($)5.235.8812.5%
Change Contribution By: 
Total Revenues ($ Mil)4-33-1044.1%
P/S Multiple11.3-2.5-121.8%
Shares Outstanding (Mil)814-45.3%
Cumulative Contribution12.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/7/2026
ReturnCorrelation
GECC12.5% 
Market (SPY)74.9%16.4%
Sector (XLF)70.4%18.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GECC Return-4%-47%51%19%-25%-10%-40%
Peers Return19%-19%17%18%17%5%64%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
GECC Win Rate42%25%67%58%42%38% 
Peers Win Rate53%35%58%62%57%57% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
GECC Max Drawdown-18%-53%-16%-11%-39%-31% 
Peers Max Drawdown-22%-39%-23%-14%-24%-22% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTS, SLRC, GEG, BLK, BNY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

EventGECCS&P 500
2025 US Tariff Shock
  % Loss-14.7%-18.8%
  % Gain to Breakeven17.2%23.1%
  Time to Breakeven30 days79 days
2023 SVB Regional Banking Crisis
  % Loss-12.7%-6.7%
  % Gain to Breakeven14.5%7.1%
  Time to Breakeven72 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-51.3%-24.5%
  % Gain to Breakeven105.5%32.4%
  Time to Breakeven1009 days427 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.6%-19.2%
  % Gain to Breakeven24.4%23.8%
  Time to Breakeven126 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.0%-3.7%
  % Gain to Breakeven17.7%3.9%
  Time to Breakeven979 days6 days

Compare to VRTS, SLRC, GEG, ALP, AVAT

In The Past

Great Elm Capital's stock fell -14.7% during the 2025 US Tariff Shock. Such a loss loss requires a 17.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGECCS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-51.3%-24.5%
  % Gain to Breakeven105.5%32.4%
  Time to Breakeven1009 days427 days

Compare to VRTS, SLRC, GEG, ALP, AVAT

In The Past

Great Elm Capital's stock fell -14.7% during the 2025 US Tariff Shock. Such a loss loss requires a 17.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Great Elm Capital (GECC)

Great Elm Capital Corp. (GECC) is a Business Development Company (BDC) specializing in providing financing to middle market companies. The company's core activity involves investing in the debt instruments of these businesses, acting as a capital provider to a segment often underserved by traditional lenders.

GECC's primary services include making loan and mezzanine debt investments, which are flexible forms of debt that can incorporate equity-like features. While debt is its main focus, Great Elm Capital also makes strategic equity investments, typically ranging from $3 million to $10 million. It targets companies with annual revenues generally between $3 million and $75 million.

The company strategically focuses its investments on several key sectors. These preferred industries include media, commercial services and supplies, healthcare, telecommunication services, and communications equipment, allowing GECC to build specialized expertise and relationships within these specific market segments.

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Here are 1-3 brief analogies for Great Elm Capital (GECC):

  • A publicly traded bank for mid-sized businesses, specializing in loans.

  • Like a venture capital firm, but for established mid-sized businesses needing loans, not startup equity.

  • Essentially, a publicly traded private lender that finances middle-market companies.

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  • Loan Investments: Providing debt financing to middle market companies across various industries.
  • Mezzanine Investments: Offering hybrid debt and equity financing solutions, typically subordinated debt with equity upside.
  • Equity Investments: Making direct investments in the ownership shares of middle market companies.

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Great Elm Capital Corp. (GECC) is a business development company (BDC) that specializes in providing debt and equity financing to other companies. As such, its "major customers" are the companies in which it makes these investments (its portfolio companies).

Based on the provided information, the specific names of GECC's major customer companies (its portfolio companies) are not listed. However, Great Elm Capital targets its investments in:

  • Middle market companies.
  • Companies with revenues typically between $3 million and $75 million.
  • Companies operating in sectors such as media, commercial services and supplies, healthcare, telecommunication services, and communications equipment.

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Matt Kaplan
President & Chief Executive Officer

Matt Kaplan has served as Chief Executive Officer and President of Great Elm Capital Corp. since March 2022. He is also a Portfolio Manager for Great Elm Capital Management (GECM) and a Managing Director of Imperial Capital Asset Management (ICAM), focusing on investment opportunities across the capital structure. Prior to joining ICAM in 2020, he spent four years (2015-2019) at Citadel LLC, where he focused on special situations and event-driven credit and equities. Kaplan also served as a Senior Vice President of Imperial Capital UK from 2014 to 2015, where he advised on complex transactions, including the liquidation of a failed bank.

Keri A. Davis
Chief Financial Officer & Treasurer

Keri A. Davis has been the Chief Financial Officer and Treasurer of Great Elm Capital Corp. since March 2019, and Chief Financial Officer of Great Elm Group, Inc. since May 2023. She brings over two decades of finance and accounting experience in the asset management industry. Before her current roles, she was an SEC Reporting Manager for Great Elm Group and GECC. Ms. Davis previously spent over a decade at PwC (PricewaterhouseCoopers LLP) from 2005 to 2017 as a Senior Manager in the Audit practice, specializing in hedge funds, private equity, and other investment entities within the Financial Services industry group.

Jason W. Reese
Executive Chairman of the Board

Jason W. Reese was appointed Executive Chairman of the Board of Directors of Great Elm Capital Corp. on March 2, 2026. He also serves as Chairman and Chief Executive Officer of Great Elm Group, Inc. Mr. Reese is a Co-Founder, Chairman, and CEO of Imperial Capital Asset Management, LLC (ICAM) and a Co-Founder of Imperial Capital, LLC, both founded in 1997. ICAM has managed various hedge funds, investment partnerships, a private REIT, and a private equity fund. He formed Monomoy Properties REIT, LLC in 2014 and is a founding member of City Ventures, LLC, a private homebuilder, since 2009. Prior to Imperial Capital, Mr. Reese was a Principal with Gordon Investment Corporation, a merchant banking firm, where he focused on distressed real estate, high-yield securities, and leveraged buyouts.

Adam M. Kleinman
Chief Compliance Officer & Secretary

Adam M. Kleinman has served as Great Elm Capital Corp.'s Chief Compliance Officer and Secretary since September 2017. He is also President, General Counsel, and Chief Compliance Officer of Great Elm Group, Inc. and Great Elm Capital Management, LLC (GECM). Previously, Mr. Kleinman was a Partner, Chief Operating Officer, and General Counsel of MAST Capital from March 2009 to September 2017, which was an institutional credit/distressed investing platform. He began his career as an associate in the Banking and Leverage Finance group at Bingham McCutchen LLP.

Michael P. Keller
President, Specialty Finance Business

Michael P. Keller has been the President of Great Elm Specialty Finance, a subsidiary of GECC, since November 2021. He possesses extensive experience in direct lending, encompassing origination, underwriting, portfolio management, and workouts. Before joining Great Elm, Mr. Keller was a Partner and Portfolio Manager at Credit Value Partners, LLC, where he oversaw the firm's Direct Lending and Investment Platform. He also served on CapitalSource Finance's senior management team, managing its stressed loan portfolio and leading special situation lending initiatives, including a $300 million opportunistic credit fund. Earlier in his career, he led restructuring efforts for the $1.8 billion Healthcare Finance Division of FINOVA on behalf of Berkadia, LLC, and held senior financial/investment positions at PNC Bank and Household International.

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Key Risks to Great Elm Capital (GECC)

  1. Credit Market Conditions and Portfolio Performance: As a business development company (BDC) specializing in middle-market debt and equity investments, Great Elm Capital (GECC) is highly exposed to fluctuations in credit market conditions, interest rate volatility, and broader economic cycles. This directly influences the performance and valuation of its investment portfolio, impacting its ability to generate income and capital appreciation. Evidence of this risk can be seen in the impact of credit market conditions, interest rate volatility, and inflationary pressure on projected results. The company's net asset value (NAV) has experienced declines due to unrealized losses stemming from volatility in specific equity holdings and lower fair values of Collateralized Loan Obligation (CLO) investments. Furthermore, the bankruptcy of a portfolio company, First Brands Group LLC, directly led to a significant adverse impact on GECC's net asset value and annualized cash total investment income, demonstrating the tangible effect of credit events on its portfolio.

  2. Competition for Investment Opportunities and Sourcing Quality Assets: GECC operates in a competitive environment for attractive investment opportunities within the middle market. Its strategy involves targeting underserved market segments to achieve superior risk-adjusted returns. However, intense competition for these investment opportunities could lead to a limited availability of high-quality assets. If GECC is unable to consistently source and deploy capital into attractive investments, it may be forced to hold a larger percentage of its assets in liquid securities, potentially hindering its ability to meet investment objectives and generate desired returns.

  3. Regulatory Compliance and RIC Status: As a BDC, Great Elm Capital must qualify and maintain its status as a Regulated Investment Company (RIC) under the U.S. federal income tax code. Failure to meet the requirements for RIC qualification would result in GECC being subject to corporate-level U.S. federal income tax, which would significantly reduce its net income and, consequently, the amounts available for distribution to shareholders.

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The addressable market for Great Elm Capital (GECC), a business development company specializing in middle-market investments, is primarily the U.S. middle-market private credit and direct lending market.

The U.S. private credit market was projected to be approximately $1.34 trillion in 2025. More specifically, the U.S. middle-market direct lending market was estimated at $1.0 trillion as of March 31, 2022. This market segment, encompassing private drawdown funds and Business Development Companies (BDCs), represents a significant portion of the broader private credit landscape, with direct lending assets at approximately $850.5 billion.

GECC focuses on providing debt instruments, including secured loans, high-yield bonds, structured finance products like collateralized loan obligations (CLOs), and mezzanine and equity investments to middle-market companies. These middle-market companies are generally defined as businesses with annual revenues between $3 million and $75 million, or EBITDA typically ranging from $10 million to $100 million. The U.S. middle market consists of nearly 200,000 individual businesses.

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Great Elm Capital Corp. (GECC) is expected to drive future revenue growth over the next 2-3 years through several key strategic initiatives:

1. Continued Growth and Increased Distributions from the CLO Joint Venture: The company highlights its Collateralized Loan Obligation (CLO) joint venture as a significant contributor to income and a driver of future growth. Management anticipates that distributions from this venture will become more consistent over time, and they plan to scale their CLO exposure to approximately 20% of their total asset base.

2. Strategic Capital Deployment into Higher-Yielding Debt and Income-Generating Equity Investments: GECC aims to actively deploy its available capital into attractive investment opportunities, with a particular focus on senior secured loans. This strategy involves harvesting non-yielding assets to reinvest in cash-generating investments and rotating capital into more secure positions, including new syndicated credit investments.

3. Expansion and Enhanced Profitability of the Specialty Finance Platform: The company has successfully repositioned its specialty finance platform for future growth and improved profitability. This segment, including its invoice financing business (Prestige), is expected to see continued positive volume trends. GECC also has a stated goal to increase the percentage of its assets invested in specialty finance companies to a target of approximately 50%.

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Capital Allocation Decisions for Great Elm Capital (GECC) Over the Last 3-5 Years

Share Repurchases

  • In the fourth quarter of 2025, Great Elm Capital Corp.'s Board of Directors authorized a stock repurchase program allowing for the opportunistic repurchase of up to an aggregate of $10 million of its outstanding common shares. This authorization represented approximately 11% of the company's market capitalization as of February 27, 2026.
  • GECC repurchased approximately $18.7 million of its 5.875% senior notes due June 2026 (GECCO notes) in open market transactions, with $18.5 million repurchased in the fourth quarter of 2025 and an additional $0.2 million through February 27, 2026.
  • The company called $20 million aggregate principal amount of its 5.875% Notes due 2026 for redemption on March 31, 2026.

Share Issuance

  • In the third quarter of 2025, Great Elm Capital Corp. generated net proceeds of approximately $27 million from equity issuances, totaling approximately 2.4 million shares of common stock.
  • This amount included $13 million in net proceeds from the issuance of 1.1 million shares through its at-the-market (ATM) program during the third quarter of 2025.
  • In August 2025, GECC issued approximately 1.3 million shares in a private placement to Poor Richard, LLC, an affiliate of a director of Great Elm Group, Inc., for net proceeds of $14 million.

Inbound Investments

  • In August 2025, an affiliate of Booker Smith, a newly appointed director of Great Elm Group, Inc., invested in Great Elm Capital Corp. by acquiring approximately 1.3 million shares in a private placement, generating gross proceeds of $15 million for GECC. This was part of the approximately $27 million equity raised in the third quarter of 2025.

Outbound Investments

  • As of December 31, 2025, Great Elm Capital Corp. held total investments at fair value of $298.3 million, which included 67 debt investments in corporate credit, an investment in Great Elm Specialty Finance, and other equity investments.
  • The company's investment objective is to generate current income and capital appreciation by investing in debt and income-generating equity securities, with a focus on specialty finance companies and collateralized loan obligations (CLOs).
  • In the third quarter of 2025, GECC sold $4.5 million principal amount of its First Lien Loan in First Brands Group for $4.4 million.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GECCVRTSSLRCGEGBLKBNYMedian
NameGreat El.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
Mkt Price5.88165.1613.102.211,136.39157.6185.36
Mkt Cap0.11.10.70.1176.3108.10.9
Rev LTM-338291012327,29921,065465
Op Inc LTM-149--139,006-149
FCF LTM30-34-73103,5151,59220
FCF 3Y Avg-127673-53,8861,70274
CFO LTM30-28-73103,9383,57020
CFO 3Y Avg-128473-54,2353,27978

Growth & Margins

GECCVRTSSLRCGEGBLKBNYMedian
NameGreat El.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
Rev Chg LTM-236.1%-7.7%4.2%16.3%26.5%11.0%7.6%
Rev Chg 3Y Avg-55.3%0.2%74.3%49.1%16.6%7.7%12.1%
Rev Chg Q-44.9%-8.7%-9.9%6.5%30.6%13.2%-1.1%
QoQ Delta Rev Chg LTM-22.2%-2.2%-2.1%0.9%6.5%3.2%-0.6%
Op Inc Chg LTM--17.9%--60.5%17.2%--17.9%
Op Inc Chg 3Y Avg--3.3%--16.1%13.9%--3.3%
Op Mgn LTM-18.0%--58.7%33.0%-18.0%
Op Mgn 3Y Avg-18.6%--60.6%35.0%-18.6%
QoQ Delta Op Mgn LTM--1.7%--5.7%0.3%--1.7%
CFO/Rev LTM--3.3%-72.2%43.5%14.4%16.9%14.4%
CFO/Rev 3Y Avg-9.6%78.5%-50.0%19.4%17.0%17.0%
FCF/Rev LTM--4.1%-72.2%43.5%12.9%7.6%7.6%
FCF/Rev 3Y Avg-8.7%78.5%-50.0%17.9%8.9%8.9%

Valuation

GECCVRTSSLRCGEGBLKBNYMedian
NameGreat El.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
Mkt Cap0.11.10.70.1176.3108.10.9
P/S-1.37.13.06.55.15.1
P/Op Inc-7.4--5.119.6-7.4
P/EBIT-3.4--3.818.2-3.4
P/E-2.19.58.0-3.026.817.28.7
P/CFO2.7-40.2-9.86.944.830.34.8
Total Yield-25.1%16.5%25.1%-33.7%5.8%7.3%6.6%
Dividend Yield21.8%5.9%12.5%0.0%2.0%1.5%4.0%
FCF Yield 3Y Avg-7.4%4.4%7.4%-11.1%2.8%2.6%2.7%
D/E2.02.61.60.90.10.31.3
Net D/E2.02.31.0-0.30.0-1.60.5

Returns

GECCVRTSSLRCGEGBLKBNYMedian
NameGreat El.Virtus I.SLR Inve.Great ElmBlackRockBank of . 
1M Rtn13.1%8.6%2.7%0.0%14.7%5.4%7.0%
3M Rtn1.0%16.5%-0.5%3.3%5.3%21.3%4.3%
6M Rtn-1.1%21.5%-9.0%8.3%8.8%27.8%8.6%
12M Rtn-35.7%-6.2%-10.6%1.4%4.3%56.9%-2.4%
3Y Rtn-1.4%-7.4%15.6%8.3%74.7%270.8%11.9%
1M Excs Rtn8.7%3.7%0.5%-5.5%8.6%1.1%2.4%
3M Excs Rtn2.5%12.4%-7.5%2.1%1.3%15.3%2.3%
6M Excs Rtn-15.5%-1.2%-22.1%-6.8%-5.2%17.7%-6.0%
12M Excs Rtn-58.2%-30.1%-33.8%-20.0%-18.7%34.5%-25.0%
3Y Excs Rtn-59.8%-78.1%-54.0%-60.8%-2.2%203.0%-56.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment13049 3
Investment management   -2 
Total13049-23


Price Behavior

Price Behavior
Market Price$5.88 
Market Cap ($ Bil)0.1 
First Trading Date11/04/2016 
Distance from 52W High-40.5% 
   50 Days200 Days
DMA Price$5.49$5.79
DMA Trenddowndown
Distance from DMA7.2%1.5%
 3M1YR
Volatility48.5%42.6%
Downside Capture102.5885.89
Upside Capture85.8515.25
Correlation (SPY)18.6%17.8%
GECC Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.320.410.690.710.570.35
Up Beta0.95-0.590.100.630.930.37
Down Beta-0.830.20-0.480.170.350.43
Up Capture4%34%113%53%6%7%
Bmk +ve Days11223567138427
Stock +ve Days8162654114375
Down Capture96%113%141%117%96%57%
Bmk -ve Days11212859114326
Stock -ve Days14253569126347

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GECC
GECC-36.0%42.5%-0.93-
Sector ETF (XLF)12.3%14.6%0.5713.6%
Equity (SPY)23.3%12.8%1.3618.3%
Gold (GLD)28.5%28.4%0.87-4.7%
Commodities (DBC)32.9%19.8%1.32-11.4%
Real Estate (VNQ)14.2%13.8%0.720.8%
Bitcoin (BTCUSD)-44.2%42.9%-1.236.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GECC
GECC-8.4%31.1%-0.24-
Sector ETF (XLF)11.4%18.4%0.4817.9%
Equity (SPY)13.5%17.2%0.6113.7%
Gold (GLD)18.6%18.6%0.813.7%
Commodities (DBC)8.2%19.6%0.310.5%
Real Estate (VNQ)2.3%18.9%0.0212.5%
Bitcoin (BTCUSD)8.8%53.0%0.353.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GECC
GECC-10.2%36.9%-0.19-
Sector ETF (XLF)13.6%22.1%0.5633.1%
Equity (SPY)15.4%17.9%0.7327.4%
Gold (GLD)12.1%16.2%0.613.0%
Commodities (DBC)7.4%18.0%0.3312.5%
Real Estate (VNQ)4.8%20.7%0.2028.0%
Bitcoin (BTCUSD)58.2%66.2%0.9810.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 630202615.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest10.3 days
Basic Shares Quantity13.9 Mil
Short % of Basic Shares4.1%

Earnings Returns History

Updated 8/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/202611.0%  
5/4/20262.7%5.1%9.9%
3/2/2026-3.7%-11.2%-14.9%
11/4/20253.3%7.5%5.5%
8/5/2025-0.1%-0.1%2.3%
5/5/20255.7%6.0%5.9%
3/10/2025-0.1%-0.2%-9.5%
10/31/2024-3.5%1.2%2.5%
...
SUMMARY STATS   
# Positive131313
# Negative121111
Median Positive3.1%5.1%7.3%
Median Negative-1.8%-1.9%-4.8%
Max Positive11.0%16.5%52.6%
Max Negative-8.1%-11.2%-14.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/202611.0%  
5/4/20262.7%5.1%9.9%
3/2/2026-3.7%-11.2%-14.9%
11/4/20253.3%7.5%5.5%
8/5/2025-0.1%-0.1%2.3%
5/5/20255.7%6.0%5.9%
3/10/2025-0.1%-0.2%-9.5%
10/31/2024-3.5%1.2%2.5%
8/1/2024-4.9%-5.8%-1.8%
5/2/2024-0.4%0.0%0.1%
2/29/2024-0.6%0.8%7.3%
11/2/20233.2%7.7%14.8%
8/3/20236.3%13.7%19.5%
5/4/20230.4%0.4%-1.3%
3/2/20232.4%-0.8%-3.4%
11/3/20220.3%-5.4%-1.0%
8/4/2022-1.3%-1.9%-3.0%
5/11/2022-0.6%-10.4%-10.5%
3/4/2022-7.6%0.4%1.1%
11/5/2021-2.3%-0.9%-4.8%
8/3/20213.1%1.8%10.2%
5/7/20210.6%-0.3%16.9%
3/16/2021-8.1%-7.8%-7.8%
11/9/20203.8%16.5%52.6%
8/10/20200.9%14.0%-8.5%
SUMMARY STATS   
# Positive131313
# Negative121111
Median Positive3.1%5.1%7.3%
Median Negative-1.8%-1.9%-4.8%
Max Positive11.0%16.5%52.6%
Max Negative-8.1%-11.2%-14.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/04/202610-Q
12/31/202503/02/202610-K
09/30/202511/04/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202403/10/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/29/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/05/202610-Q
03/31/202605/04/202610-Q
12/31/202503/02/202610-K
09/30/202511/04/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202403/10/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/29/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/11/202210-Q
12/31/202103/04/202210-K
09/30/202111/05/202110-Q
06/30/202108/03/202110-Q
03/31/202105/07/202110-Q
12/31/202003/16/202110-K
09/30/202011/09/202010-Q
06/30/202008/07/202010-Q
03/31/202005/11/202010-Q
12/31/201903/19/202010-K
09/30/201911/14/201910-Q

Recent Forward Guidance

Updated 8/6/2026

Latest: Q2 2026 Earnings Reported 8/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Dividends 0.25 0 AffirmedGuidance: 0.25 for Q2 2026

Prior: Q1 2026 Earnings Reported 5/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Dividends 0.25 -16.7% LoweredGuidance: 0.3 for Q1 2026

Q4 2025 Earnings Reported 3/2/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Dividends 0.3 -18.9% Lower NewActual: 0.37 for Q4 2025
Q1 2026 Debt Redemption 20.00 Mil    

Q3 2025 Earnings Reported 11/4/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Dividends 0.37 0 AffirmedGuidance: 0.37 for Q3 2025
2025 Share Repurchases 10.00 Mil    

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kaplan, Matthew DCEO and PresidentDirectBuy111020257.6419,650150,1261,087,936Form
2Great, Elm Strategic Partnership I, LlcDirectSell926202511.452,31326,48417,842,077Form
3Great, Elm Strategic Partnership I, LlcDirectSell926202511.451,69619,41917,868,561Form
4Great, Elm Strategic Partnership I, LlcDirectSell923202511.451,49017,06017,887,980Form
5Great, Elm Strategic Partnership I, LlcDirectSell923202511.4548,248552,44017,905,041Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kaplan, Matthew DCEO and PresidentDirectBuy111020257.6419,650150,1261,087,936Form
2Great, Elm Strategic Partnership I, LlcDirectSell926202511.452,31326,48417,842,077Form
3Great, Elm Strategic Partnership I, LlcDirectSell926202511.451,69619,41917,868,561Form
4Great, Elm Strategic Partnership I, LlcDirectSell923202511.451,49017,06017,887,980Form
5Great, Elm Strategic Partnership I, LlcDirectSell923202511.4548,248552,44017,905,041Form
6Great, Elm Strategic Partnership I, LlcDirectSell919202511.4514,737168,73918,457,480Form
7Great, Elm Strategic Partnership I, LlcDirectSell919202511.451001,14518,626,219Form
8Great, Elm Strategic Partnership I, LlcDirectSell917202511.4520,938239,74018,627,364Form
9Great, Elm Strategic Partnership I, LlcDirectSell827202511.2021,472240,48618,455,158Form
10Great, Elm Strategic Partnership I, LlcDirectSell827202511.2025,711287,96318,695,645Form
11Great, Elm Strategic Partnership I, LlcDirectSell822202511.2017,956201,10718,983,608Form
12Great, Elm Strategic Partnership I, LlcDirectSell822202511.2026,705299,09619,184,715Form
13Great, Elm Strategic Partnership I, LlcDirectSell820202511.207,79387,28219,483,811Form
14Great, Elm Strategic Partnership I, LlcDirectSell820202511.203634,06619,571,093Form
15Great, Elm Strategic Partnership I, LlcDirectSell714202510.9538,793424,78319,138,213Form
16Great, Elm Strategic Partnership I, LlcDirectSell710202510.958,66194,83819,562,996Form
17Great, Elm Strategic Partnership I, LlcDirectSell710202510.953,12934,26319,657,834Form
18Great, Elm Strategic Partnership I, LlcDirectSell708202510.953,21835,23719,692,097Form
19Great, Elm Strategic Partnership I, LlcDirectSell708202510.9511,852129,77919,727,334Form
20Great, Elm Strategic Partnership I, LlcDirectSell703202510.9511,021120,68019,857,113Form
21Great, Elm Strategic Partnership I, LlcDirectSell703202510.9513,324145,89819,977,793Form
22Great, Elm Strategic Partnership I, LlcDirectSell703202511.002,71429,85420,215,580Form
23Great, Elm Strategic Partnership I, LlcDirectSell703202510.977,28879,94920,190,219Form
24Great, Elm Strategic Partnership I, LlcDirectSell703202511.202,64229,59020,695,158Form
25Cohen, Richard M DirectBuy613202511.0136396199,645Form
26Cohen, Richard M DirectBuy612202510.953,10033,945198,195Form
27Cohen, Richard M DirectBuy612202511.185,00055,908167,726Form
28Cohen, Richard M DirectBuy611202511.133,50038,956111,304Form
29Cohen, Richard M DirectBuy611202511.014,00044,04371,570Form
30Cohen, Richard M DirectBuy611202510.702,50026,75026,750Form
31Perry, Chad DirectBuy605202510.581,85019,57319,573Form
Core Cache Last Updated: 8/7/2026