Great Elm Group (NASDAQ:GEG) announced its earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.13), Fidelity Earnings reports. Great Elm Group had a negative return on equity of 7.47% and a negative net margin of 5.12%.
NASDAQ GEG opened at $2.41 on Wednesday. The business has a fifty day moving average price of $2.30 and a 200 day moving average price of $2.45. Great Elm Group has a one year low of $1.80 and a one year high of $4.85. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.31 and a current ratio of 2.35. The company has a market cap of $64.11 million, a P/E ratio of -18.54 and a beta of 1.27.
A hedge fund recently raised its stake in Great Elm Group stock. Bank of America Corp DE grew its stake in Great Elm Group, Inc. (NASDAQ:GEG) by 8,312.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,485 shares of the company’s stock after acquiring an additional 121,029 shares during the quarter. Bank of America Corp DE owned about 0.46% of Great Elm Group worth $275,000 as of its most recent SEC filing. 51.03% of the stock is owned by institutional investors and hedge funds.
Great Elm Group, Inc operates as a holding company which provides investment management and real estate management services. The company is headquartered in Waltham, MA.
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