Great Elm Group (NASDAQ:GEG) Shares Up 1.2% – Should You Buy?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price was up 1.2% during mid-day trading on Friday . The stock traded as high as $2.20 and last traded at $2.1850. Approximately 24,665 shares changed hands during mid-day trading, an increase of 367% from the average daily volume of 5,285 shares. The stock had previously closed at $2.16.

Analyst Ratings Changes

Separately, Weiss Ratings cut Great Elm Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Great Elm Group Trading Up 1.2%

The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $2.23. The firm has a market cap of $68.52 million, a price-to-earnings ratio of -2.66 and a beta of 0.56. The company has a debt-to-equity ratio of 1.56, a quick ratio of 13.18 and a current ratio of 13.18.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.45) EPS for the quarter. Great Elm Group had a negative net margin of 100.48% and a negative return on equity of 54.63%. The business had revenue of $3.42 million during the quarter.

Hedge Funds Weigh In On Great Elm Group

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake 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 purchasing an additional 881,955 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Great Elm Group by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock valued at $461,000 after purchasing an additional 26,460 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Great Elm Group during the 4th quarter worth about $447,000. Finally, Millennium Management LLC acquired a new position in Great Elm Group during the 3rd quarter worth about $158,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Company Profile

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.