Great Elm Group (NASDAQ:GEG) Shares Up 0.4% – Here’s What Happened

Great Elm Group, Inc. (NASDAQ:GEGGet Free Report) shot up 0.4% during trading on Wednesday . The company traded as high as $2.44 and last traded at $2.41. 3,283 shares traded hands during trading, a decline of 70% from the average session volume of 11,066 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Great Elm Group in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Great Elm Group has an average rating of “Hold”.

Check Out Our Latest Analysis on GEG

Great Elm Group Price Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 16.68 and a current ratio of 16.68. The company’s 50-day moving average price is $2.52 and its two-hundred day moving average price is $2.45.

Great Elm Group (NASDAQ:GEGGet Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.24) EPS for the quarter. Great Elm Group had a negative return on equity of 13.12% and a net margin of 13.94%.The business had revenue of $10.79 million during the quarter.

Institutional Investors Weigh In On Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Millennium Management LLC bought a new position in Great Elm Group, Inc. (NASDAQ:GEGFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 64,320 shares of the company’s stock, valued at approximately $158,000. Millennium Management LLC owned about 0.19% of Great Elm Group as of its most recent SEC filing. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

About Great Elm Group

(Get Free Report)

Great Elm Group (NASDAQ: GEG) is a closed-end investment company specializing in private credit and equity co-investments for U.S. middle-market companies. The firm’s portfolio is composed primarily of senior secured loans, unitranche financing structures and selective equity interests, with an emphasis on providing flexible capital solutions for growth initiatives, refinancings, acquisitions and recapitalizations.

Through a disciplined underwriting process, Great Elm Group evaluates opportunities across a diverse range of industry sectors, including healthcare, business services, manufacturing and consumer products.

Further Reading

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