Monarch Partners Asset Management LLC purchased a new position in shares of Great Elm Capital Group, Inc. (NASDAQ:GEC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 85,490 shares of the software maker’s stock, valued at approximately $346,000.
Separately, Royce & Associates LP lifted its stake in shares of Great Elm Capital Group by 22.7% in the 3rd quarter. Royce & Associates LP now owns 540,745 shares of the software maker’s stock valued at $1,920,000 after acquiring an additional 100,000 shares during the last quarter. 38.29% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Peter A. Reed bought 70,000 shares of the stock in a transaction dated Friday, November 10th. The stock was bought at an average price of $3.64 per share, with a total value of $254,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter A. Reed bought 160,328 shares of the stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $3.75 per share, with a total value of $601,230.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 338,685 shares of company stock valued at $1,252,533. 6.60% of the stock is currently owned by corporate insiders.
Shares of Great Elm Capital Group, Inc. (NASDAQ GEC) opened at $3.88 on Monday. Great Elm Capital Group, Inc. has a 52 week low of $2.95 and a 52 week high of $4.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 11.30 and a current ratio of 11.30.
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Great Elm Capital Group Company Profile
Great Elm Capital Group, Inc, formerly Unwired Planet, Inc, is a holding company. The Company makes investments in businesses and assets in various industries. The Company’s investment for long-term value creation is in the asset management business. The Company continues to explore other opportunities in the investment management business, including other business development companies (BDCs) that trade at a discount to their net asset value.
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