Insider Buying: Great Elm Group, Inc. (NASDAQ:GEG) Major Shareholder Buys 40,000 Shares of Stock

Great Elm Group, Inc. (NASDAQ:GEGGet Rating) major shareholder Northern Right Capital Managem bought 40,000 shares of the stock in a transaction on Thursday, May 19th. The shares were acquired at an average cost of $2.15 per share, with a total value of $86,000.00. Following the acquisition, the insider now directly owns 2,763,584 shares in the company, valued at approximately $5,941,705.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Northern Right Capital Managem also recently made the following trade(s):

  • On Friday, May 13th, Northern Right Capital Managem bought 25,000 shares of Great Elm Group stock. The shares were acquired at an average cost of $2.05 per share, with a total value of $51,250.00.
  • On Monday, May 9th, Northern Right Capital Managem purchased 80,000 shares of Great Elm Group stock. The stock was purchased at an average cost of $1.61 per share, with a total value of $128,800.00.

Shares of GEG stock traded up $0.03 on Friday, hitting $2.23. The stock had a trading volume of 39,789 shares, compared to its average volume of 17,419. Great Elm Group, Inc. has a twelve month low of $1.40 and a twelve month high of $2.90. The firm has a market cap of $61.25 million, a P/E ratio of -5.12 and a beta of 1.25. The company has a current ratio of 3.73, a quick ratio of 3.68 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $1.90.

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

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in Great Elm Group in the 4th quarter worth $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. Royal Bank of Canada boosted its stake in Great Elm Group by 41.9% in the 1st quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock worth $122,000 after purchasing an additional 20,000 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. Finally, Russell Investments Group Ltd. acquired a new position in Great Elm Group in the 3rd quarter worth $363,000. 45.67% of the stock is owned by institutional investors.

Great Elm Group Company Profile (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.

Further Reading

Insider Buying and Selling by Quarter for Great Elm Group (NASDAQ:GEG)

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