Great Elm Group (NASDAQ:GEG) Shares Down 0.5% – Here’s What Happened

Great Elm Group, Inc. (NASDAQ:GEG)’s share price traded down 0.5% during mid-day trading on Monday. The stock traded as low as $2.15 and last traded at $2.15. Approximately 13,135 shares traded hands during trading, an increase of 2% from the average daily volume of 12,904 shares. The stock had previously closed at $2.16.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Great Elm Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Great Elm Group Stock Down 0.5%

The company has a current ratio of 12.89, a quick ratio of 12.89 and a debt-to-equity ratio of 1.55. The firm has a market cap of $66.84 million, a P/E ratio of -1.87 and a beta of 0.56. The stock’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.16.

Great Elm Group (NASDAQ:GEG) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.28). The business had revenue of $10.56 million for the quarter. Great Elm Group had a negative net margin of 127.61% and a negative return on equity of 63.44%.

Hedge Funds Weigh In On Great Elm Group

A hedge fund recently bought a new position in Great Elm Group stock. Rockefeller Capital Management L.P. purchased a new position in Great Elm Group, Inc. (NASDAQ:GEG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 175,145 shares of the company’s stock, valued at approximately $447,000. Rockefeller Capital Management L.P. owned about 0.53% of Great Elm Group as of its most recent SEC filing. 52.83% of the stock is currently owned by institutional investors and hedge funds.

About Great Elm Group

Great Elm Group, Inc (NASDAQ: GEG) is a diversified holding company focused on asset management and real estate investments. Through its subsidiaries, the company pursues credit-oriented investment strategies and manages capital for investment vehicles and other financial products.

Great Elm’s asset management activities have included providing investment management services to Great Elm Capital Corp., a business development company, as well as managing other credit-focused investments.