Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Trading Up 0.4% – Here’s Why

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) rose 0.4% during mid-day trading on Tuesday . The company traded as high as $24.80 and last traded at $24.7750. Approximately 404 shares changed hands during trading, a decline of 85% from the average session volume of 2,721 shares. The stock had previously closed at $24.67.

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

The stock has a fifty day moving average price of $24.71 and a 200 day moving average price of $24.61.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. This represents a $1.79 annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, June 15th.

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.