Great Elm Group, Inc. (NASDAQ:GEG) Major Shareholder Purchases $128,800.00 in Stock

Great Elm Group, Inc. (NASDAQ:GEGGet Rating) major shareholder Northern Right Capital Managem purchased 80,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average price of $1.61 per share, for a total transaction of $128,800.00. Following the completion of the acquisition, the insider now directly owns 2,647,084 shares of the company’s stock, valued at approximately $4,261,805.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of GEG opened at $1.97 on Wednesday. The company has a market capitalization of $54.00 million, a price-to-earnings ratio of -4.57 and a beta of 1.25. The company has a fifty day moving average price of $1.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.71 and a current ratio of 2.74. 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 issued its earnings results on Thursday, May 5th. The company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $16.62 million during the quarter. Great Elm Group had a negative net margin of 17.46% and a negative return on equity of 21.11%.

Several institutional investors and hedge funds have recently modified their holdings of GEG. Trellus Management Company LLC grew its position in shares of Great Elm Group by 27.4% in the fourth quarter. Trellus Management Company LLC now owns 381,019 shares of the company’s stock valued at $796,000 after purchasing an additional 81,970 shares in the last quarter. BlackRock Inc. raised its stake in shares of Great Elm Group by 2.5% during the 4th quarter. BlackRock Inc. now owns 349,151 shares of the company’s stock valued at $729,000 after purchasing an additional 8,482 shares during the period. Clayton Partners LLC bought a new stake in shares of Great Elm Group during the 4th quarter valued at $418,000. Russell Investments Group Ltd. bought a new stake in shares of Great Elm Group during the 3rd quarter valued at $363,000. Finally, Bank of America Corp DE raised its stake in shares of Great Elm Group by 8,312.4% during the 2nd quarter. Bank of America Corp DE now owns 122,485 shares of the company’s stock valued at $275,000 after purchasing an additional 121,029 shares during the period. Hedge funds and other 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.

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