Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 840 shares, a decrease of 80.8% from the December 15th total of 4,375 shares. Based on an average daily volume of 2,379 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 2,379 shares, the days-to-cover ratio is presently 0.4 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 0.0%
Shares of GEGGL traded up $0.01 during trading hours on Tuesday, hitting $24.63. The company had a trading volume of 1,310 shares, compared to its average volume of 1,003. The company’s fifty day moving average price is $24.62 and its two-hundred day moving average price is $24.31. Great Elm Group, Inc. 7.25% Notes due 2027 has a one year low of $20.84 and a one year high of $25.50.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a $0.4481 dividend. This represents a $1.79 annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, June 15th.
Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile
Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.
In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.
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