Great Elm Group (NASDAQ:GEG) Shares Down 0.5% – Here’s Why

Great Elm Group, Inc. (NASDAQ:GEG)’s share price dropped 0.5% during mid-day trading on Monday . The company traded as low as $1.99 and last traded at $2.04. Approximately 107,280 shares changed hands during trading, an increase of 363% from the average daily volume of 23,173 shares. The stock had previously closed at $2.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Great Elm Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Great Elm Group currently has an average rating of “Sell”.

Great Elm Group Stock Up 2.5%

The stock has a market capitalization of $67.44 million, a PE ratio of -3.81 and a beta of 0.45. The firm has a 50 day moving average of $2.24 and a two-hundred day moving average of $2.45. The company has a current ratio of 10.32, a quick ratio of 10.32 and a debt-to-equity ratio of 1.04.

Great Elm Group (NASDAQ:GEG) last posted its earnings results on Wednesday, February 4th. The company reported ($0.50) EPS for the quarter. Great Elm Group had a negative return on equity of 37.04% and a negative net margin of 60.61%.The firm had revenue of $3.01 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEG. Goldman Sachs Group Inc. increased its position in Great Elm Group by 2,377.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock worth $2,344,000 after buying an additional 881,955 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Great Elm Group during the third quarter valued at $158,000. Finally, Geode Capital Management LLC increased its position in Great Elm Group by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock worth $461,000 after purchasing an additional 26,460 shares in the last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

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.