Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Trading Down 0.8% – Here’s What Happened

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) dropped 0.8% during trading on Monday . The company traded as low as $24.51 and last traded at $24.70. Approximately 363 shares were traded during trading, a decline of 87% from the average session volume of 2,866 shares. The stock had previously closed at $24.89.

Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance

The firm has a 50-day moving average of $24.60 and a two-hundred day moving average of $24.59.

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

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

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

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.