Great Elm Group, Inc. (NASDAQ:GEG) Major Shareholder Northern Right Capital Managem Buys 243,991 Shares

Great Elm Group, Inc. (NASDAQ:GEG – Get Rating) major shareholder Northern Right Capital Managem acquired 243,991 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was purchased at an average price of $2.00 per share, for a total transaction of $487,982.00. Following the acquisition, the insider now directly owns 3,943,178 shares in the company, valued at approximately $7,886,356. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Thursday, March 16th, Northern Right Capital Managem purchased 23,630 shares of Great Elm Group stock. The shares were bought at an average price of $2.37 per share, for a total transaction of $56,003.10.
• On Thursday, March 9th, Northern Right Capital Managem purchased 28,613 shares of Great Elm Group stock. The shares were bought at an average price of $2.31 per share, for a total transaction of $66,096.03.
• On Friday, February 24th, Northern Right Capital Managem purchased 13,276 shares of Great Elm Group stock. The shares were bought at an average price of $2.14 per share, for a total transaction of $28,410.64.
• On Wednesday, February 22nd, Northern Right Capital Managem acquired 15,062 shares of Great Elm Group stock. The shares were acquired at an average cost of $2.15 per share, with a total value of $32,383.30.

Great Elm Group Price Performance

Shares of NASDAQ:GEG opened at $2.06 on Tuesday. The business has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.12. The company has a current ratio of 22.07, a quick ratio of 22.07 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $63.12 million, a price-to-earnings ratio of -2.54 and a beta of 0.99. Great Elm Group, Inc. has a 12-month low of $1.82 and a 12-month high of $2.55.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Great Elm Group

Institutional investors have recently bought and sold shares of the company. Northern Right Capital Management L.P. grew its position in 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 acquiring an additional 286,270 shares in the last quarter. Renaissance Technologies LLC grew its position in Great Elm Group by 2.8% in the 1st quarter. Renaissance Technologies LLC now owns 715,800 shares of the company’s stock valued at $1,625,000 after acquiring an additional 19,824 shares in the last quarter. Clayton Partners LLC grew its position in Great Elm Group by 172.9% in the 1st quarter. Clayton Partners LLC now owns 144,649 shares of the company’s stock valued at $328,000 after acquiring an additional 91,649 shares in the last quarter. Royal Bank of Canada grew its position 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 valued at $122,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new position in Great Elm Group in the 4th quarter valued at about $49,000. 77.74% of the stock is owned by institutional investors and hedge funds.

Great Elm Group Company Profile

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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.