Great Elm Group (NASDAQ:GEG) Releases Earnings Results

Great Elm Group (NASDAQ:GEGGet Free Report) released its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $10.56 million for the quarter. Great Elm Group had a negative return on equity of 54.63% and a negative net margin of 100.48%.

Great Elm Group Stock Performance

Shares of Great Elm Group stock remained flat at $2.15 during trading on Wednesday. 3,762 shares of the stock traded hands, compared to its average volume of 17,822. The firm has a market cap of $67.42 million, a PE ratio of -2.62 and a beta of 0.57. The stock has a fifty day moving average of $2.23 and a two-hundred day moving average of $2.13. Great Elm Group has a one year low of $1.80 and a one year high of $3.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 13.18 and a quick ratio of 13.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Great Elm Group in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Great Elm Group currently has a consensus rating of “Sell”.

Get Our Latest Research Report on GEG

Hedge Funds Weigh In On Great Elm Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in Great Elm Group in the third quarter valued at approximately $158,000. Geode Capital Management LLC boosted its stake in shares of Great Elm Group by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock worth $461,000 after acquiring an additional 26,460 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Great Elm Group by 2,377.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock worth $2,344,000 after acquiring an additional 881,955 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.

About Great Elm Group

(Get Free Report)

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.

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Earnings History for Great Elm Group (NASDAQ:GEG)

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