Great Elm Group, Inc. (NASDAQ:GEG) Major Shareholder Northern Right Capital Managem Buys 28,613 Shares of Stock

Great Elm Group, Inc. (NASDAQ:GEG – Get Rating) major shareholder Northern Right Capital Managem bought 28,613 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was acquired at an average cost of $2.31 per share, with a total value of $66,096.03. Following the transaction, the insider now owns 3,608,741 shares in the company, valued at approximately $8,336,191.71. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, February 24th, Northern Right Capital Managem bought 13,276 shares of Great Elm Group stock. The stock was acquired at an average cost of $2.14 per share, with a total value of $28,410.64.
• On Wednesday, February 22nd, Northern Right Capital Managem bought 15,062 shares of Great Elm Group stock. The stock was acquired at an average cost of $2.15 per share, with a total value of $32,383.30.

Great Elm Group Trading Up 4.2 %

NASDAQ GEG opened at $2.25 on Wednesday. Great Elm Group, Inc. has a 52 week low of $1.40 and a 52 week high of $2.55. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.09.

Institutional Investors Weigh In On Great Elm Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Right Capital Management L.P. grew its holdings in Great Elm Group by 9.0% during 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 buying an additional 286,270 shares in the last quarter. Royal Bank of Canada grew its holdings in Great Elm Group by 41.9% during the 1st quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock valued at $122,000 after buying an additional 20,000 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Great Elm Group during the 4th quarter valued at approximately $49,000. Clayton Partners LLC purchased a new stake in Great Elm Group during the 3rd quarter valued at approximately $106,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Great Elm Group by 56.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,510 shares of the company’s stock valued at $44,000 after buying an additional 7,419 shares in the last quarter. 77.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Great Elm Group Company Profile

(Get Rating)

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.