Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $24.69 and traded as low as $24.63. Great Elm Group, Inc. 7.25% Notes due 2027 shares last traded at $24.65, with a volume of 6,451 shares changing hands.

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

The company has a 50 day simple moving average of $24.69 and a 200 day simple moving average of $24.65.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Tuesday, June 15th. This is a decrease from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

Great Elm Group, Inc. is an alternative asset management company. Through its investment management subsidiary, Great Elm Capital Management, the company manages investment vehicles focused on areas including credit and middle-market lending. One of its affiliated investment companies is Great Elm Capital Corp., a business development company that provides financing to middle-market businesses. Great Elm Group’s 7.25% Notes due 2027, listed on Nasdaq under the symbol GEGGL, are debt securities issued by the company.