Great Elm Group (NASDAQ:GEG) Shares Down 1.4% – What’s Next?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price fell 1.4% during trading on Tuesday . The stock traded as low as $2.16 and last traded at $2.16. 3,548 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 12,260 shares. The stock had previously closed at $2.19.

Analyst Ratings Changes

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

Great Elm Group Stock Down 1.4%

The company has a debt-to-equity ratio of 1.56, a quick ratio of 13.18 and a current ratio of 13.18. The stock’s fifty day simple moving average is $2.24 and its two-hundred day simple moving average is $2.17. The stock has a market capitalization of $67.74 million, a P/E ratio of -2.63 and a beta of 0.57.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings results 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 net margin of 100.48% and a negative return on equity of 54.63%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. acquired a new position in Great Elm Group during the 4th quarter worth about $447,000. Goldman Sachs Group Inc. grew its position in shares of 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. Geode Capital Management LLC increased its stake in shares of Great Elm Group by 17.1% in the fourth 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 during the period. Finally, Millennium Management LLC acquired a new stake in shares of Great Elm Group in the third quarter valued at about $158,000. 52.83% of the stock is owned by 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.