Great Elm Group (NASDAQ:GEG) Stock Jumps 0.5% – Should You Buy?

Shares of Great Elm Group, Inc. (NASDAQ:GEG) traded up 0.5% during trading on Tuesday. The stock traded as high as $2.16 and last traded at $2.16. Approximately 2,285 shares changed hands during mid-day trading, The stock had previously closed at $2.15.

Analyst Upgrades and Downgrades

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

Great Elm Group Stock Performance

The company has a market cap of $67.17 million, a P/E ratio of -1.88 and a beta of 0.56. The company’s 50-day moving average is $2.16 and its two-hundred day moving average is $2.15. The company has a quick ratio of 12.89, a current ratio of 12.89 and a debt-to-equity ratio of 1.55.

Great Elm Group (NASDAQ:GEG) last issued its earnings results 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). Great Elm Group had a negative net margin of 127.61% and a negative return on equity of 63.44%. The firm had revenue of $10.56 million during the quarter.

Hedge Funds Weigh In On Great Elm Group

A hedge fund recently bought a new stake in Great Elm Group stock. Rockefeller Capital Management L.P. acquired a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 175,145 shares of the company’s stock, valued at approximately $447,000. Rockefeller Capital Management L.P. owned 0.53% of Great Elm Group at the end of the most recent quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

About Great Elm Group

Great Elm Group, Inc (NASDAQ: GEG) is a diversified holding company focused on asset management, specialty finance and related investment activities. Through its subsidiaries and affiliated businesses, the company seeks to invest in and manage a range of financial assets and operating businesses.

One of Great Elm Group’s principal activities is alternative asset management. Its investment-management operations have been associated with investment vehicles that pursue credit and other opportunistic strategies, including Great Elm Capital Corp., a business development company.