earnings
confidence high
sentiment positive
materiality 0.75
Great Elm Capital Corp Q1 NII grows 26% to $2.8M; NAV per share recovers to $11.88
Great Elm Capital Corp.
2023-Q3 EPS reported
$1.07
- Net investment income $2.8M ($0.37/share), up 26% from $2.3M ($0.30) in Q4 2022.
- Net assets $90.3M; NAV per share $11.88, up from $11.16 at Dec 2022.
- Board declared Q2 dividend of $0.35/share, payable June 30, record June 15.
- GEHF closed $50M committed credit line with Encina Lender Finance, plus $50M uncommitted accordion.
- Total investments $226.9M; debt portfolio weighted avg current yield 13.2%; 57.9% floating rate.