Great Elm Group (NASDAQ:GEG) Releases Quarterly Earnings Results

Great Elm Group (NASDAQ:GEG) posted its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. Great Elm Group had a negative return on equity of 54.63% and a negative net margin of 100.48%.The firm had revenue of $10.56 million for the quarter.

Great Elm Group Price Performance

GEG opened at $2.15 on Thursday. Great Elm Group has a 52 week low of $1.80 and a 52 week high of $3.51. The business has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $2.13. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.56. The company has a market cap of $67.42 million, a PE ratio of -2.62 and a beta of 0.57.

Institutional Investors Weigh In On Great Elm Group

Several large investors have recently modified their holdings of GEG. 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. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 26,460 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Great Elm Group during the third quarter worth about $158,000. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Great Elm Group in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.