Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 5,032 shares, a growth of 134.6% from the April 30th total of 2,145 shares. Based on an average daily volume of 2,727 shares, the short-interest ratio is presently 1.8 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance
Shares of GEGGL stock remained flat at $24.65 during trading on Tuesday. The company had a trading volume of 1,320 shares, compared to its average volume of 2,949. The stock’s 50 day simple moving average is $24.45 and its 200-day simple moving average is $24.57. Great Elm Group, Inc. 7.25% Notes due 2027 has a fifty-two week low of $21.55 and a fifty-two week high of $25.50.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $1.79 annualized dividend 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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