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

Great Elm Group, Inc. (NASDAQ:GEG) traded up 0.4% during trading on Wednesday . The stock traded as high as $2.44 and last traded at $2.41. 3,283 shares changed 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 Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Great Elm Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Great Elm Group Stock Performance

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

Great Elm Group (NASDAQ:GEG) last issued 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.

Hedge Funds Weigh In On Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Millennium Management LLC bought a new stake in Great Elm Group, Inc. (NASDAQ:GEG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 64,320 shares of the company’s stock, valued at approximately $158,000. Millennium Management LLC owned 0.19% of Great Elm Group at the end of the most recent reporting period. Institutional investors 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.