Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Shares Down 0.1% – Here’s What Happened

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) fell 0.1% during trading on Wednesday . The stock traded as low as $24.72 and last traded at $24.70. Approximately 200 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 2,621 shares. The stock had previously closed at $24.72.

Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance

The stock’s fifty day simple moving average is $24.77 and its 200-day simple moving average is $24.62.

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

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

About Great Elm Group, Inc. 7.25% Notes due 2027

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.