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Great Elm Capital Corp
Great Elm Capital Corp

-6.99%

Financial services / Business development company


Company at a Glance

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Overview
Great Elm Capital Corp is a publicly traded business development company (BDC) that was founded in 2016. It is managed by Great Elm Capital Management, Inc., a subsidiary of the Great Elm Capital Group, Inc. The company’s primary focus is to invest in debt and equity securities of middle market companies, which are typically defined as companies with an enterprise value between $100 million and $2.5 billion.
Great Elm Capital Corp has a diverse portfolio, with investments in a variety of industries such as healthcare, business services, and technology. The company’s investment strategy is to provide capital to middle market companies through unitranche loans, first and second lien loans, and equity investments.
Great Elm Capital Corp is based in Waltham, Massachusetts and its shares are traded on the NASDAQ under the ticker symbol GECC. As of June 2021, the company had a market capitalization of approximately $210 million.
What is special about the company?
Great Elm Capital Corp is a publicly traded business development company (BDC) that specializes in providing capital and support to small and mid-sized businesses. BDCs are unique in that they are required to distribute at least 90% of their taxable income to shareholders as dividends, making them attractive for income investors.
Great Elm Capital Corp differentiates itself by its focus on undervalued and distressed companies, often providing financing for companies in special situations such as restructuring or turnaround efforts. This strategy allows the company to potentially generate higher returns for shareholders while also supporting the growth and recovery of these businesses.
Additionally, Great Elm has a diverse investment portfolio, with a focus on both debt and equity investments, as well as a mix of industry sectors. This helps to mitigate risk and provide a more stable source of income for shareholders.
The company also has a robust management team with a wealth of experience in the financial and investment industries, further strengthening its ability to identify and capitalize on attractive investment opportunities.
Overall, the combination of its unique BDC structure, focus on distressed companies, diversified portfolio, and experienced management team make Great Elm Capital Corp a compelling investment option for those looking for exposure to the small and mid-sized business market.
What the company's business model?
The Great Elm Capital Corp is a publicly traded investment management firm that focuses on the management of funds and assets in high-growth industries. The company’s business model is centered around identifying and acquiring undervalued or distressed companies and assets, then strategically managing and optimizing them for long-term growth and value creation. This includes providing operational and financial support to its portfolio companies, as well as actively seeking opportunities for mergers, acquisitions, and divestitures. The company also offers investment opportunities to investors through its internally managed funds.
Interesting facts about the company
1. Great Elm Capital Corp was founded in 2016 and is headquartered in Waltham, Massachusetts.
2. The company is a publicly traded business development company (BDC) that focuses on investing in the debt and equity of middle market companies.
3. Great Elm Capital Corp is listed on the Nasdaq stock exchange under the ticker symbol GECC.
4. The company’s investment strategy is to provide capital solutions to companies across a wide range of industries, including healthcare, financial services, technology, and more.
5. Great Elm Capital Corp was previously known as Full Circle Capital Corporation before rebranding in 2016 following a merger with another BDC, Great Elm Capital Group.
6. The company is managed by a team of experienced investment professionals, led by CEO and Chairman Peter Reed.
7. Great Elm Capital Corp has a diversified portfolio of over 60 investments, with a focus on senior secured loans and first lien loans.
8. In addition to its primary business of investing in middle market companies, the company also has a subsidiary, Great Elm DME, that provides home medical equipment and supplies to patients across the country.
9. As of December 2020, Great Elm Capital Corp had approximately $428 million in total assets under management.
10. The company is committed to responsible investing and has policies in place to ensure environmental, social, and governance (ESG) factors are considered in its investment decisions.
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