Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) trades at $25.12. Great Elm Capital Corp. 8. 75% Notes due 2028 (GECCZ) is an externally-managed business development company. Market cap: $125.37M, Sector: Financial services.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for GECCZ: GECCZ does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates GECCZ against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
GECCZ: 1/1 perspectives are bearish.
How is this calculated? →Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) Financial Services Profile
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) is a business development company specializing in debt investments in middle-market companies. As an externally-managed entity, it aims to generate current income and capital appreciation through strategic debt and equity placements, operating within the financial services sector.
What Is the Investment Thesis for GECCZ?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) presents a high-yield opportunity within the business development company sector, primarily driven by its focus on debt investments in middle-market companies. The company's substantial dividend yield of 29.75% may attract income-seeking investors. However, the negative P/E ratio of -1.84 and a profit margin of -72.6% indicate significant challenges in achieving profitability. Potential catalysts include successful deployment of capital into high-yielding debt instruments and improved operational efficiency. Investors should monitor the company's ability to manage credit risk within its portfolio and navigate economic cycles. The high beta of 1.12 suggests greater volatility compared to the broader market. The investment thesis hinges on GECCZ's ability to generate consistent income and manage its expenses effectively.
Based on FMP financials and quantitative analysis
GECCZ Key Highlights
- Market capitalization of $125.37M indicates a small-cap company.
- Negative P/E ratio of -1.84 reflects current losses or low earnings.
- High dividend yield of 29.75% may attract income-focused investors, but sustainability needs to be assessed.
- Gross margin of 64.2% suggests strong core profitability before considering operating expenses and other factors.
- Beta of 1.12 indicates higher volatility compared to the overall market.
Who Are GECCZ's Competitors?
GECCZ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ABL Abacus Global Management, Inc. | $8.09 | +4.25% | $790.82M | 47 |
| BHAC Focus Impact BH3 Acquisition Co | $10.55 | -52.05% | $59.62M | 49 |
| BMAC Black Mountain Acquisition Corp. | $10.56 | -0.38% | $130.54M | 44 |
| CCAP Crescent Capital BDC, Inc. | $11.10 | -0.22% | $408.81M | 72 |
| ABXL Abacus Global Management, Inc. | $25.50 | +0.06% | 3B | 68 |
| WHFCL WhiteHorse Finance, Inc. 7.875% Notes due 2028 | $25.35 | +0.40% | $143.10M | 62 |
| ZBAI ATIF Holdings Ltd. | $8.95 | +0.00% | $7.39M | 61 |
| SAJ Saratoga Investment Corp. | $25.67 | +0.00% | $358.87M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GECCZ's Key Strengths?
- High dividend yield.
- Focus on underserved middle-market segment.
- Experienced external management team.
- Diversified investment portfolio.
What Are GECCZ's Weaknesses?
- Negative P/E ratio and low profitability.
- High beta indicating greater volatility.
- External management structure may create conflicts of interest.
- Reliance on debt investments.
What Could Drive GECCZ Stock Higher?
- Strategic deployment of capital into high-yielding debt instruments.
- Efforts to improve operational efficiency and reduce costs.
- Expansion of investment mandate to include new asset classes.
- Formation of strategic partnerships and alliances.
What Are the Key Risks for GECCZ?
- Financial-distress signal — its Altman Z-Score of 0.23 sits in the distress zone (elevated bankruptcy risk).
- Economic downturn impacting middle-market companies.
- Increased competition from other BDCs and private credit funds.
- Rising interest rates increasing borrowing costs.
- Regulatory changes affecting the BDC industry.
- Negative P/E ratio and low profitability.
What Are the Growth Opportunities for GECCZ?
- Strategic Deployment of Capital: Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) can drive growth by strategically deploying capital into high-yielding debt instruments. Focusing on sectors with strong growth potential and underserved by traditional lenders can enhance returns. The middle-market lending space offers opportunities for attractive risk-adjusted returns, particularly for companies seeking capital for expansion or acquisitions. Successful execution in this area could significantly boost GECCZ's income generation capabilities and overall profitability. Timeline: Ongoing.
- Operational Efficiency Improvements: Enhancing operational efficiency can lead to significant cost savings and improved profitability for Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ). Streamlining processes, leveraging technology, and optimizing the management structure can reduce expenses and improve overall performance. This includes optimizing the external management agreement to align incentives and reduce costs. Improved efficiency can free up capital for further investments and enhance shareholder value. Timeline: Ongoing.
- Expansion of Investment Mandate: Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) could explore expanding its investment mandate to include new asset classes or geographies. Diversifying the investment portfolio can reduce risk and enhance returns. This could involve investing in different types of debt instruments, such as distressed debt or special situations, or expanding into new geographic markets with attractive growth potential. However, careful due diligence and risk management are essential to ensure successful expansion. Timeline: 1-3 years.
- Strategic Partnerships and Alliances: Forming strategic partnerships and alliances with other financial institutions or industry players can provide Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) with access to new deal flow and expertise. Collaborating with other lenders or private equity firms can expand the company's reach and enhance its ability to source and execute attractive investment opportunities. These partnerships can also provide access to specialized knowledge and resources, improving the company's competitive position. Timeline: Ongoing.
- Focus on Fintech and Digital Transformation: Adapting to the evolving financial landscape by embracing fintech and digital transformation can enhance Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ)'s operational efficiency and competitive advantage. Leveraging technology to streamline processes, improve data analytics, and enhance customer engagement can drive growth and reduce costs. This includes adopting digital platforms for loan origination, underwriting, and monitoring. Embracing fintech can also open up new opportunities for investment in innovative companies. Timeline: Ongoing.
What Opportunities Does GECCZ Have?
- Strategic deployment of capital into high-yielding debt instruments.
- Expansion of investment mandate to include new asset classes.
- Formation of strategic partnerships and alliances.
- Adoption of fintech and digital transformation initiatives.
What Threats Does GECCZ Face?
- Economic downturn impacting middle-market companies.
- Increased competition from other BDCs and private credit funds.
- Rising interest rates increasing borrowing costs.
- Regulatory changes affecting the BDC industry.
What Are GECCZ's Competitive Advantages?
- Established relationships with middle-market companies.
- Expertise in sourcing and underwriting debt investments.
- Access to a diversified portfolio of investments.
- External management team with industry experience.
What Does GECCZ Do?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) operates as an externally-managed business development company (BDC). The company focuses on providing financing solutions to middle-market companies, primarily through investments in debt instruments. GECCZ's investment strategy centers around generating both current income and capital appreciation. The firm invests primarily in senior secured and senior unsecured debt instruments, as well as junior loans and mezzanine debt. These investments target middle-market companies and small businesses seeking capital for growth, acquisitions, or recapitalizations. As an externally-managed BDC, Great Elm Capital Corp. relies on an external management team to oversee its investment decisions and day-to-day operations. This structure allows the company to leverage the expertise and resources of the management team, while also potentially creating conflicts of interest. The company's investment portfolio is diversified across various industries, aiming to mitigate risk and enhance returns. GECCZ's focus on middle-market companies provides access to a segment of the market that may be underserved by traditional lenders, offering opportunities for attractive risk-adjusted returns. The company's headquarters is located in Waltham, Massachusetts.
What Products and Services Does GECCZ Offer?
- Invests in senior secured debt of middle-market companies.
- Provides financing solutions to small businesses.
- Offers junior loans and mezzanine debt.
- Seeks capital appreciation through equity investments.
- Manages a diversified portfolio of debt instruments.
- Generates current income for investors.
- Operates as an externally-managed business development company.
How Does GECCZ Make Money?
- Generates income through interest payments on debt investments.
- Realizes capital gains through the sale of equity investments.
- Charges management fees to cover operating expenses.
- Distributes dividends to shareholders from investment income.
What Industry Does GECCZ Operate In?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) operates within the investment banking and investment services industry, which is part of the broader financial services sector. The industry is characterized by intense competition, evolving regulatory landscapes, and sensitivity to economic cycles. Companies like GECCZ face the challenge of sourcing attractive investment opportunities while managing credit risk and maintaining operational efficiency. The market for middle-market lending is competitive, with numerous business development companies and private credit funds vying for deals. The industry is also influenced by macroeconomic factors such as interest rates, economic growth, and credit spreads.
Who Are GECCZ's Key Customers?
- Middle-market companies seeking debt financing.
- Small businesses requiring capital for growth.
- Institutional investors seeking income-generating investments.
- Individual investors interested in high-yield opportunities.
F-Score 6/9Financial Health
Great Elm Capital Corp. 8.75% Notes due 2028's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.23 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Great Elm Capital Corp. 8.75% Notes due 2028 revenue of about $49.9M for fiscal 2026, with EPS near $1.49.
GECCZ Financials
Bull Case vs Bear Case
Bull Case
- High dividend yield.
- Focus on underserved middle-market segment.
- Experienced external management team.
- Diversified investment portfolio.
Bear Case
- Negative P/E ratio and low profitability.
- High beta indicating greater volatility.
- External management structure may create conflicts of interest.
- Reliance on debt investments.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
GECCZ Latest News
No recent news available for GECCZ.
GECCZ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for GECCZ.
Price Targets
Wall Street price target analysis for GECCZ.
GECCZ MoonshotScore
What does this score mean?
The MoonshotScore rates GECCZ's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Matt D. Kaplan
CEO
Matt D. Kaplan serves as the CEO of Great Elm Capital Corp. His background includes extensive experience in investment management and corporate finance. Prior to joining Great Elm, Kaplan held leadership positions at various financial institutions, where he focused on credit analysis, portfolio management, and investment strategy. He brings a wealth of knowledge in structuring and executing debt and equity investments. Kaplan's expertise is crucial in guiding Great Elm's investment decisions and strategic direction.
Track Record: Under Matt Kaplan's leadership, Great Elm Capital Corp. has focused on deploying capital into high-yielding debt instruments and expanding its investment portfolio. Key milestones include strategic partnerships and initiatives to improve operational efficiency. Kaplan has emphasized risk management and diversification to enhance shareholder value. His focus on middle-market lending has positioned the company for growth in a competitive landscape.
Common Questions About GECCZ (Financial Services)
What does Great Elm Capital Corp. 8.75% Notes due 2028 do?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) is an externally-managed business development company (BDC) that focuses on providing financing solutions to middle-market companies. The company invests primarily in senior secured and senior unsecured debt instruments, as well as junior loans and mezzanine debt. These investments aim to generate current income and capital appreciation for its investors. GECCZ operates by identifying and underwriting attractive debt opportunities in the middle-market, a segment often underserved by traditional lenders. The company then manages its portfolio of investments to maximize returns while mitigating risk.
What are the main risks for GECCZ?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) faces several risks inherent to its business model and the broader economic environment. A key risk is the potential for economic downturns to negatively impact middle-market companies, leading to increased defaults on debt investments. Increased competition from other BDCs and private credit funds could also put pressure on GECCZ's ability to source attractive investment opportunities. Rising interest rates could increase borrowing costs and reduce the attractiveness of debt investments. Regulatory changes affecting the BDC industry could also pose challenges. The company's negative P/E ratio and low profitability are ongoing concerns.
How is Great Elm Capital Corp. 8.75% Notes due 2028 adapting to fintech disruption?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) can adapt to fintech disruption by integrating digital technologies into its operations and investment strategies. This includes leveraging fintech platforms for loan origination, underwriting, and monitoring. Embracing data analytics can improve risk assessment and decision-making. Investing in fintech companies or partnering with fintech firms can provide access to innovative technologies and new investment opportunities. By embracing digital transformation, GECCZ can enhance its operational efficiency, improve customer engagement, and maintain a competitive edge in the evolving financial landscape.
What regulatory challenges does Great Elm Capital Corp. 8.75% Notes due 2028 face?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ), as a business development company, faces a number of regulatory challenges. These include compliance with the Investment Company Act of 1940, which governs the operations of BDCs. GECCZ must adhere to specific capital requirements and maintain a certain asset coverage ratio. Regulatory scrutiny of BDCs has increased in recent years, with a focus on transparency, risk management, and investor protection. Changes in regulations could impact GECCZ's ability to operate effectively and may increase compliance costs. Monitoring and adapting to the evolving regulatory landscape is crucial for GECCZ's long-term success.
What are the key factors to evaluate for GECCZ?
Evaluate GECCZ on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does GECCZ data refresh on this page?
GECCZ prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven GECCZ's recent stock price performance?
Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High dividend yield. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider GECCZ overvalued or undervalued right now?
Valuing Great Elm Capital Corp. 8.75% Notes due 2028 (GECCZ) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for GECCZ, limiting comprehensive insights.
- Financial data is based on the most recent available information.