Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report)’s share price rose 0.4% during trading on Tuesday . The company traded as high as $24.80 and last traded at $24.7750. 404 shares changed hands during trading, a decline of 85% from the average daily volume of 2,721 shares. The stock had previously closed at $24.67.
Great Elm Group, Inc. 7.25% Notes due 2027 Stock Down 0.4%
The firm’s fifty day moving average is $24.71 and its two-hundred day moving average is $24.61.
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. Shareholders of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.3%.
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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