Matthew A. Drapkin Acquires 20,001 Shares of Great Elm Group, Inc. (NASDAQ:GEG) Stock

Great Elm Group, Inc. (NASDAQ:GEG) Director Matthew A. Drapkin acquired 20,001 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of $1.76 per share, with a total value of $35,201.76. Following the acquisition, the director now directly owns 1,958,675 shares of the company’s stock, valued at $3,447,268. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Great Elm Group Stock Performance

Shares of GEG opened at $1.83 on Friday. The company has a quick ratio of 12.44, a current ratio of 12.44 and a debt-to-equity ratio of 0.89. Great Elm Group, Inc. has a one year low of $1.59 and a one year high of $2.24. The business has a fifty day moving average of $1.88 and a 200 day moving average of $1.92.

Institutional Trading of Great Elm Group

Several hedge funds have recently bought and sold shares of GEG. Oppenheimer Asset Management Inc. grew its holdings in Great Elm Group by 31.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after purchasing an additional 12,265 shares during the period. Clayton Partners LLC grew its holdings in Great Elm Group by 7.5% during the fourth quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock valued at $677,000 after purchasing an additional 24,204 shares during the period. Cove Street Capital LLC grew its holdings in Great Elm Group by 1.3% during the fourth quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock valued at $1,982,000 after purchasing an additional 13,200 shares during the period. Finally, Kingdon Capital Management L.L.C. grew its holdings in Great Elm Group by 0.7% during the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock valued at $2,694,000 after purchasing an additional 9,858 shares during the period. Institutional investors own 52.83% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet lowered Great Elm Group from a “c” rating to a “d” rating in a report on Tuesday, February 13th.

Great Elm Group Company Profile

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.