Great Elm Capital Corp. - Notes
GECCN
NASDAQ Global Market25.20
USD
-0.04
- -
CIK
0001675033
ISIN
US3903205058
CUSIP
390320505
Return %
Stock
S&P500
1Y
2.82
27.04
3Y
14.29
77.26
5Y
2.44
79.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MD United States of America
- IPO Date
- Jun 21, 2019
- CIK
- 0001675033
- Similar Companies
- Business
- Great Elm Capital Corp. (NASDAQ: GECC) operates as an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities of middle-market companies and specialty finance businesses; its portfolio includes secured and senior secured debt instruments such as senior secured loans, junior loans, mezzanine debt, and unsecured notes, alongside preferred equity, direct equity investments, and specialty finance assets encompassing factoring, early-stage business financing, asset-backed lending, small and medium business loans, asset-based lending, and healthcare-focused secured lending. The company, founded in 2016 and headquartered in Waltham, Massachusetts, with key management operations in Palm Beach Gardens, Florida, primarily targets middle-market firms with enterprise values between $100 million and $2 billion and annual revenues from $3 million to $75 million across sectors including media, commercial services, healthcare, telecommunications, and communications equipment; it maintains over 99% of its investment portfolio in performing, income-producing assets and benefits from a capital loss carryforward to support net asset value growth. Great Elm Capital Corp. is managed by Great Elm Capital Management (GECM), a subsidiary of parent company Great Elm Group, Inc. (NASDAQ: GEG), under an investment management agreement amended in 2022, and it leverages exemptive relief from the SEC to co-invest with affiliated funds; recent developments include a November 2022 partnership with Berkadia for healthcare secured lending, a $15 million equity raise in August 2025 via issuance of 1.3 million shares to an affiliate of new director Booker Smith, nearly $30 million in total equity capital over the prior 12 months to bolster its balance sheet and growth strategy, and alignment with strategic initiatives under Great Elm Group such as a July 2025 partnership with Kennedy Lewis Investment Management and a $9 million investment from Woodstead Value Fund.
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