Great Elm Capital Q2 NAV rises helped by CoreWeave-related equity investment

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 is $7.50, about 41.8% above its August 4 closing price of $5.29
• The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Result Drivers

• Dividend income - Increase in total investment income was primarily driven by a $2.0 million dividend from insurance-related preference shares
• Fee waiver impact - NII per share decreased despite higher total investment income, mainly due to a smaller benefit from incentive fee waivers compared with the prior quarter
• - Realized and unrealized gains, notably from the , drove growth in net asset value