Insider Buying: Great Elm Capital Group, Inc. (GEC) CEO Purchases $601,230.00 in Stock
Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed purchased 160,328 shares of the stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $3.75 per share, with a total value of $601,230.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Great Elm Capital Group, Inc. (NASDAQ GEC) opened at $4.20 on Friday. Great Elm Capital Group, Inc. has a twelve month low of $2.95 and a twelve month high of $4.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 11.30 and a current ratio of 11.30.
A hedge fund recently raised its stake in Great Elm Capital Group stock. Royce & Associates LP boosted its stake in Great Elm Capital Group, Inc. (NASDAQ:GEC) by 22.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 540,745 shares of the software maker’s stock after purchasing an additional 100,000 shares during the quarter. Royce & Associates LP owned about 2.13% of Great Elm Capital Group worth $1,920,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 36.79% of the company’s stock.
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About Great Elm Capital Group
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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