Great Elm Group (NASDAQ:GEG) Stock Price Up 1.5% – Still a Buy?

Great Elm Group, Inc. (NASDAQ:GEGGet Free Report)’s share price shot up 1.5% during trading on Monday . The company traded as high as $2.71 and last traded at $2.68. 14,967 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 27,121 shares. The stock had previously closed at $2.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Great Elm Group in a report on Monday, December 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Read Our Latest Report on GEG

Great Elm Group Stock 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 $2.50 and its 200 day moving average price is $2.37.

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

Institutional Trading of Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Millennium Management LLC purchased a new position in Great Elm Group, Inc. (NASDAQ:GEGFree Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 64,320 shares of the company’s stock, valued at approximately $158,000. Millennium Management LLC owned approximately 0.19% of Great Elm Group at the end of the most recent quarter. Institutional investors own 52.83% of the company’s stock.

About Great Elm Group

(Get Free Report)

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.

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