Great Elm Group, Inc. (NASDAQ:GEG – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 33,700 shares, a growth of 24.8% from the June 30th total of 27,000 shares. Based on an average trading volume of 31,900 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the company are sold short.
Great Elm Group Trading Up 0.6 %
Shares of NASDAQ GEG traded up $0.01 during trading on Friday, reaching $1.79. 542 shares of the company traded hands, compared to its average volume of 7,672. The firm’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.86. Great Elm Group has a 12-month low of $1.59 and a 12-month high of $2.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 12.44 and a current ratio of 12.44.
Great Elm Group (NASDAQ:GEG – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $2.79 million for the quarter. Great Elm Group had a negative net margin of 48.75% and a negative return on equity of 8.39%.
Insider Buying and Selling
Hedge Funds Weigh In On Great Elm Group
Institutional investors have recently modified their holdings of the stock. Kingdon Capital Management L.L.C. grew its position in shares of Great Elm Group by 0.7% during the 4th quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock valued at $2,694,000 after acquiring an additional 9,858 shares during the period. Cove Street Capital LLC grew its position in shares of Great Elm Group by 1.3% during the 4th quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock valued at $1,982,000 after acquiring an additional 13,200 shares during the period. Clayton Partners LLC grew its position in shares of Great Elm Group by 7.5% during the 4th quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock valued at $677,000 after acquiring an additional 24,204 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Great Elm Group by 31.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after acquiring an additional 12,265 shares during the period. Hedge funds and other institutional investors own 52.83% of the company’s stock.
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.
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