Great Elm Group, Inc. (NASDAQ:GEG – Get 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:GEG – Get 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%.
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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