Insider Buying: Great Elm Group, Inc. (NASDAQ:GEG) Director Buys $32,546.70 in Stock

Great Elm Group, Inc. (NASDAQ:GEG – Get Rating) Director Jason W. Reese bought 15,138 shares of Great Elm Group stock in a transaction on Wednesday, February 22nd. The stock was acquired at an average price of $2.15 per share, for a total transaction of $32,546.70. Following the transaction, the director now directly owns 5,635,138 shares of the company’s stock, valued at $12,115,546.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Great Elm Group Trading Up 4.3 %

NASDAQ:GEG opened at $2.18 on Monday. The stock has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $2.08. The stock has a market cap of $66.70 million, a P/E ratio of -1.52 and a beta of 1.00. Great Elm Group, Inc. has a 1 year low of $1.40 and a 1 year high of $2.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.51 and a current ratio of 3.51.

Analysts Set New Price Targets

Separately, TheStreet upgraded Great Elm Group from a “d” rating to a “c-” rating in a report on Tuesday, February 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its position in shares of Great Elm Group by 56.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,510 shares of the company’s stock worth $44,000 after acquiring an additional 7,419 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Great Elm Group in the 4th quarter valued at about $49,000. Clayton Partners LLC acquired a new stake in shares of Great Elm Group in the 3rd quarter valued at about $106,000. Royal Bank of Canada boosted its position in shares of Great Elm Group by 41.9% in the 1st quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock valued at $122,000 after purchasing an additional 20,000 shares during the period. Finally, Northern Right Capital Management L.P. boosted its position in shares of Great Elm Group by 9.0% in the 3rd quarter. Northern Right Capital Management L.P. now owns 3,480,305 shares of the company’s stock valued at $6,961,000 after purchasing an additional 286,270 shares during the period. 77.74% of the stock is owned by institutional investors and hedge funds.

About Great Elm Group

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Great Elm Group, Inc operates as a holding company. It engages in the provision of investment management and real estate management services. It operates through Durable Medical Equipment and Investment Management segments. The Durable Medical Equipment segment includes selling, replacement parts, and supplies to customers.