Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 2,301 shares, a decline of 33.4% from the March 15th total of 3,454 shares. Based on an average daily volume of 1,625 shares, the days-to-cover ratio is currently 1.4 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance
Shares of NASDAQ:GEGGL traded up $0.02 during trading on Wednesday, hitting $24.25. 1,254 shares of the stock traded hands, compared to its average volume of 1,985. The company has a fifty day moving average price of $24.51 and a two-hundred day moving average price of $24.54. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52-week low of $21.55 and a 52-week high of $25.50.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. This represents a $1.79 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, June 15th.
Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile
Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.
In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.
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