Insider Buying: Great Elm Group, Inc. (NASDAQ:GEG) Insider Purchases 24,984 Shares of Stock

Great Elm Group, Inc. (NASDAQ:GEG) insider Jason W. Reese purchased 24,984 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average price of $1.77 per share, for a total transaction of $44,221.68. Following the transaction, the insider now directly owns 6,354,630 shares of the company’s stock, valued at approximately $11,247,695.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Great Elm Group Stock Performance

Great Elm Group stock opened at $1.83 on Friday. Great Elm Group, Inc. has a 12-month low of $1.59 and a 12-month high of $2.24. The company has a current ratio of 12.44, a quick ratio of 12.44 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $1.88 and its two-hundred day moving average price is $1.92.

Analysts Set New Price Targets

Separately, TheStreet cut Great Elm Group from a “c” rating to a “d” rating in a research report on Tuesday, February 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kingdon Capital Management L.L.C. grew its holdings in shares of Great Elm Group by 0.7% during the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock worth $2,694,000 after purchasing an additional 9,858 shares during the last quarter. Cove Street Capital LLC grew its holdings in shares of Great Elm Group by 1.3% during the fourth quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock worth $1,982,000 after purchasing an additional 13,200 shares during the last quarter. Clayton Partners LLC grew its holdings in shares of Great Elm Group by 7.5% during the fourth quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock worth $677,000 after purchasing an additional 24,204 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Great Elm Group by 31.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock worth $98,000 after purchasing an additional 12,265 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.

Great Elm Group Company Profile

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.