Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Stock Price Down 0.4% – Here’s What Happened

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) fell 0.4% on Monday . The company traded as low as $24.78 and last traded at $24.6010. 152 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,521 shares. The stock had previously closed at $24.69.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 0.4%

The company has a 50 day simple moving average of $24.66 and a 200-day simple moving average of $24.57.

Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.4481 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 annualized dividend and a dividend yield of 7.3%.

About Great Elm Group, Inc. 7.25% Notes due 2027

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.