Overview

* Great Elm Q2 2025 total investment income hits record $14.3 mln

* Net investment income rises to $5.9 mln, driven by higher income on CLO investments

* NAV per share increases to $12.10, boosted by unrealized gains on a CoreWeave related investment

Outlook

* GECC anticipates full-year NII to exceed distributions

* Company to monitor macro environment for investment opportunities

* GECC aims for risk-adjusted returns in capital deployment

Result Drivers

* CASH GENERATION - Record cash income, comprising over 90% of total investment income, marks highest cash generative quarter in GECC's history

* CLO INVESTMENTS - Higher income from CLO investments contributed to increased net investment income

* UNREALIZED GAINS - NAV per share boosted by unrealized gains on CoreWeave-related investment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $1.02

Q2 Net $12.1

Asset

Value

Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the closed end funds peer group is "buy."

* Wall Street's median 12-month price target for Great Elm Capital Corp ( GECC ) is $11.50, about 4.6% above its August 1 closing price of $10.98

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)