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Great Elm Strategic Partnership I, LLC, a ten percent owner of Great Elm Capital Corp (NASDAQ:GECC), has sold 11,790 shares of common stock over two days, according to a new Form 4 filing. The shares were sold at a price of $10.95, with the total transactions amounting to approximately $129,100. The $126.38 million market cap company has shown strong performance, delivering a 26% return over the past year. InvestingPro analysis reveals several positive indicators for the company, with more insights available to subscribers.
On July 9, 2025, Great Elm Strategic Partnership I, LLC disposed of 3,129 shares. Following this transaction, the entity still owns 1,795,236 shares. The next day, July 10, 2025, an additional 8,661 shares were sold, reducing their holdings to 1,786,575 shares.
The sales were executed at a uniform price of $10.95 per share.
The Form 4 filing was signed by Adam M. Kleinman, attorney-in-fact, on July 10, 2025.
In other recent news, Great Elm Capital reported impressive Q1 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.37 compared to the forecasted $0.36. The company’s revenue also exceeded projections, reaching $12.5 million against an anticipated $10.9 million, marking a 40% year-over-year increase. Great Elm Capital announced a 5.7% increase in its quarterly distribution to $0.37 per share and launched a $100 million at-the-market equity program. The company’s Net Asset Value (NAV) per share decreased to $11.46 from $11.79, despite the record total investment income. Analysts from firms like Ladenburg Thalmann and Oppenheimer noted the company’s strategic initiatives, including its CLO joint venture, which contributed significantly to the income. The company anticipates further growth in its net investment income in Q2 2025, positioning itself to cover its 2025 dividend. Despite minor stock fluctuations, Great Elm Capital remains focused on expanding its corporate portfolio and exploring opportunities in private credit and direct lending.
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