Great Elm Group (NASDAQ:GEG) Trading Down 12.3% – Should You Sell?

Great Elm Group, Inc. (NASDAQ:GEG)’s share price dropped 12.3% during trading on Monday . The stock traded as low as $2.35 and last traded at $2.42. 26,162 shares were traded during mid-day trading, an increase of 40% from the average session volume of 18,733 shares. The stock had previously closed at $2.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Great Elm Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Great Elm Group presently has a consensus rating of “Sell”.

Great Elm Group Price Performance

The stock has a market cap of $75.89 million, a P/E ratio of -2.95 and a beta of 0.56. The company’s 50 day moving average price is $2.18 and its 200-day moving average price is $2.21. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.56.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.45) earnings per share for the quarter. The business had revenue of $3.42 million during the quarter. Great Elm Group had a negative return on equity of 54.63% and a negative net margin of 100.48%.

Institutional Investors Weigh In On Great Elm Group

Several institutional investors and hedge funds have recently made changes to their positions in GEG. Millennium Management LLC bought a new position in shares of Great Elm Group during the third quarter worth about $158,000. Rockefeller Capital Management L.P. bought a new stake in Great Elm Group in the fourth quarter valued at approximately $447,000. Geode Capital Management LLC boosted its holdings in Great Elm Group by 17.1% in the fourth quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock valued at $461,000 after acquiring an additional 26,460 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position 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 valued at $2,344,000 after purchasing an additional 881,955 shares during the period. Institutional investors and hedge funds own 52.83% of the company’s stock.

About Great Elm Group

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.