Great Elm Capital Group, Inc. (GEC) CEO Purchases $176,503.05 in Stock

Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed bought 48,357 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $3.65 per share, with a total value of $176,503.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Great Elm Capital Group, Inc. (NASDAQ GEC) traded down $0.02 on Friday, hitting $3.70. 35,438 shares of the stock were exchanged, compared to its average volume of 55,252. Great Elm Capital Group, Inc. has a 1 year low of $2.95 and a 1 year high of $4.55. The company has a quick ratio of 11.30, a current ratio of 11.30 and a debt-to-equity ratio of 0.07.

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An institutional investor recently raised its position in Great Elm Capital Group stock. Royce & Associates LP increased its holdings in Great Elm Capital Group, Inc. (NASDAQ:GEC) by 22.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 540,745 shares of the software maker’s stock after acquiring an additional 100,000 shares during the quarter. Royce & Associates LP owned approximately 2.13% of Great Elm Capital Group worth $1,920,000 as of its most recent SEC filing. 36.25% of the stock is owned by institutional investors and hedge funds.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc, formerly Unwired Planet, Inc, is a holding company. The Company makes investments in businesses and assets in various industries. The Company’s investment for long-term value creation is in the asset management business. The Company continues to explore other opportunities in the investment management business, including other business development companies (BDCs) that trade at a discount to their net asset value.

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