Jason W. Reese Purchases 1,369,984 Shares of Great Elm Group, Inc. (NASDAQ:GEG) Stock

Great Elm Group, Inc. (NASDAQ:GEGGet Rating) Director Jason W. Reese acquired 1,369,984 shares of Great Elm Group stock in a transaction on Wednesday, May 4th. The stock was acquired at an average price of $1.81 per share, with a total value of $2,479,671.04. Following the purchase, the director now directly owns 4,027,982 shares in the company, valued at $7,290,647.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:GEG opened at $1.51 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.71 and a current ratio of 2.74. The business has a fifty day moving average price of $1.75 and a two-hundred day moving average price of $1.90. Great Elm Group, Inc. has a 1 year low of $1.40 and a 1 year high of $2.90.

Great Elm Group (NASDAQ:GEGGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $16.75 million for the quarter. Great Elm Group had a negative return on equity of 15.25% and a negative net margin of 13.00%.

Several hedge funds have recently bought and sold shares of GEG. Citadel Advisors LLC bought a new position in Great Elm Group in the 4th quarter worth about $48,000. Morgan Stanley boosted its stake in Great Elm Group by 27.8% in the 2nd quarter. Morgan Stanley now owns 48,228 shares of the company’s stock worth $108,000 after purchasing an additional 10,500 shares during the period. Bank of America Corp DE boosted its stake in Great Elm Group by 8,312.4% in the 2nd quarter. Bank of America Corp DE now owns 122,485 shares of the company’s stock worth $275,000 after purchasing an additional 121,029 shares during the period. Russell Investments Group Ltd. bought a new position in Great Elm Group in the 3rd quarter worth about $363,000. Finally, Clayton Partners LLC bought a new position in Great Elm Group in the 4th quarter worth about $418,000. Institutional investors own 45.67% of the company’s stock.

About Great Elm Group (Get Rating)

Great Elm Group, Inc engages in the durable medical equipment and investment management businesses. The company distributes respiratory care equipment, including positive air pressure equipment and supplies, ventilators and oxygen equipment, and replacement parts, as well as provides sleep study services; and rents medical equipment.

Featured Articles

Receive News & Ratings for Great Elm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Elm Group and related companies with MarketBeat.com's FREE daily email newsletter.