Punch & Associates Investment Management Inc. Trims Stake in Great Elm Group, Inc. (NASDAQ:GEG)

Punch & Associates Investment Management Inc. lowered its holdings in Great Elm Group, Inc. (NASDAQ:GEG) by 9.4% during the first quarter, Holdings Channel.com reports. The firm owned 541,878 shares of the company’s stock after selling 56,122 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Great Elm Group were worth $1,322,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GEG. BlackRock Inc. purchased a new stake in Great Elm Group in the fourth quarter valued at $1,203,000. Bank of New York Mellon Corp purchased a new stake in Great Elm Group in the fourth quarter valued at $63,000. Renaissance Technologies LLC purchased a new stake in Great Elm Group in the fourth quarter valued at $2,471,000. Northern Trust Corp purchased a new stake in shares of Great Elm Group in the 4th quarter valued at $128,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Great Elm Group in the 4th quarter valued at $33,000. Institutional investors own 52.13% of the company’s stock.

GEG stock opened at $2.28 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.35 and a quick ratio of 2.31. The stock has a market cap of $60.65 million, a P/E ratio of -17.54 and a beta of 1.27. Great Elm Group, Inc. has a 12-month low of $1.80 and a 12-month high of $4.85. The company has a fifty day moving average price of $2.46.

Great Elm Group (NASDAQ:GEG) last posted its quarterly earnings data on Thursday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.19). The firm had revenue of $15.12 million during the quarter. Great Elm Group had a negative net margin of 5.12% and a negative return on equity of 7.47%.

In other news, Director Jason W. Reese acquired 328,686 shares of the business’s stock in a transaction that occurred on Thursday, May 20th. The shares were purchased at an average price of $2.38 per share, for a total transaction of $782,272.68. 33.90% of the stock is currently owned by insiders.

Great Elm Group Company Profile

Great Elm Group, Inc operates in durable medical equipment, investment management, and real estate businesses. It distributes respiratory care equipment, including positive air pressure equipment and supplies, ventilators and oxygen equipment, and replacement parts, as well as provides sleep study services; and rents medical equipment.

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Institutional Ownership by Quarter for Great Elm Group (NASDAQ:GEG)

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