Great Elm Group (NASDAQ:GEG) Shares Up 1.2% – Should You Buy?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price shot up 1.2% during mid-day trading on Friday . The company traded as high as $2.20 and last traded at $2.1850. 24,665 shares were traded during mid-day trading, an increase of 367% from the average session volume of 5,285 shares. The stock had previously closed at $2.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Great Elm Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Great Elm Group Price Performance

The company has a debt-to-equity ratio of 1.56, a current ratio of 13.18 and a quick ratio of 13.18. The stock has a 50 day moving average price of $2.06 and a 200-day moving average price of $2.23. The stock has a market capitalization of $68.52 million, a price-to-earnings ratio of -2.66 and a beta of 0.56.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. The firm 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 Trading of Great Elm Group

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in Great Elm Group in the 3rd quarter valued at $158,000. Rockefeller Capital Management L.P. purchased a new stake in Great Elm Group in the 4th quarter valued at $447,000. Geode Capital Management LLC grew its holdings in Great Elm Group by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock valued at $461,000 after buying an additional 26,460 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Great Elm Group by 2,377.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock valued at $2,344,000 after buying an additional 881,955 shares in the last quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

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.