Great Elm Group, Inc. (NASDAQ:GEG) Director Jason W. Reese Buys 8,000 Shares of Stock

Great Elm Group, Inc. (NASDAQ:GEG – Get Rating) Director Jason W. Reese purchased 8,000 shares of the stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $2.11 per share, with a total value of $16,880.00. Following the acquisition, the director now owns 4,179,482 shares of the company’s stock, valued at approximately $8,818,707.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ GEG opened at $2.13 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.68 and a current ratio of 3.73. The company has a market cap of $58.50 million, a PE ratio of -4.95 and a beta of 1.25. The business has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $1.89. Great Elm Group, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $2.90.

Great Elm Group (NASDAQ:GEG – Get Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.22) EPS for the quarter. Great Elm Group had a negative return on equity of 22.21% and a negative net margin of 17.46%. The firm had revenue of $16.62 million for the quarter.

Several institutional investors have recently added to or reduced their stakes in GEG. Morgan Stanley lifted its holdings in shares of Great Elm Group by 27.8% during the second 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 lifted its holdings in shares of Great Elm Group by 8,312.4% during the second 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. acquired a new stake in shares of Great Elm Group during the third quarter worth about $363,000. BlackRock Inc. raised its position in Great Elm Group by 9.6% during the third quarter. BlackRock Inc. now owns 340,669 shares of the company’s stock valued at $764,000 after acquiring an additional 29,788 shares in the last quarter. Finally, Trellus Management Company LLC raised its position in Great Elm Group by 27.4% during the fourth quarter. Trellus Management Company LLC now owns 381,019 shares of the company’s stock valued at $796,000 after acquiring an additional 81,970 shares in the last quarter. 45.67% of the stock is owned by hedge funds and other institutional investors.

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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