Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 215,579 shares, an increase of 40.7% from the March 15th total of 153,173 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 25,154 shares, the short-interest ratio is presently 8.6 days.

Great Elm Group Price Performance

GEG opened at $2.08 on Friday. The company has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $2.30. The company has a debt-to-equity ratio of 1.04, a quick ratio of 10.32 and a current ratio of 10.32. Great Elm Group has a 52 week low of $1.80 and a 52 week high of $3.51. The firm has a market capitalization of $68.10 million, a PE ratio of -3.85 and a beta of 0.54.

Great Elm Group (NASDAQ:GEG) last released its earnings results on Wednesday, February 4th. The company reported ($0.50) EPS for the quarter. Great Elm Group had a negative return on equity of 37.04% and a negative net margin of 60.61%.The business had revenue of $3.01 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Great Elm Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Great Elm Group

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Great Elm Group by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock worth $461,000 after acquiring an additional 26,460 shares during the period. Millennium Management LLC acquired a new stake in Great Elm Group during the 3rd quarter worth $158,000. Goldman Sachs Group Inc. grew its holdings in Great Elm Group by 2,377.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock worth $2,344,000 after acquiring an additional 881,955 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in Great Elm Group during the 4th quarter worth $447,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Company Profile

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.