Great Elm Group (NASDAQ:GEG) Trading Down 12.3% – What’s Next?

Shares of Great Elm Group, Inc. (NASDAQ:GEG) dropped 12.3% on Monday . The company traded as low as $2.35 and last traded at $2.42. 26,162 shares were traded during trading, an increase of 40% from the average session volume of 18,733 shares. The stock had previously closed at $2.76.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Great Elm Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Great Elm Group Stock Performance

The stock has a market cap of $78.08 million, a PE ratio of -3.04 and a beta of 0.56. The firm’s 50-day moving average is $2.19 and its 200 day moving average is $2.21. The company has a debt-to-equity ratio of 1.56, a quick ratio of 13.18 and a current ratio of 13.18.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. The business had revenue of $3.42 million for the quarter. Great Elm Group had a negative return on equity of 54.63% and a negative net margin of 100.48%.

Hedge Funds Weigh In On Great Elm Group

Several institutional investors have recently added to or reduced their stakes in GEG. Geode Capital Management LLC raised its stake 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 valued at $461,000 after acquiring an additional 26,460 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Great Elm Group during the third quarter worth $158,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Great Elm Group during the fourth quarter worth $447,000. Finally, Goldman Sachs Group Inc. grew its position 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 during the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Company Profile

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.