Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 2,887 shares, a decrease of 42.7% from the July 30th total of 5,035 shares. Based on an average daily trading volume, of 1,146 shares, the days-to-cover ratio is currently 2.5 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance
Great Elm Group, Inc. 7.25% Notes due 2027 stock traded up $0.19 during mid-day trading on Friday, hitting $24.81. 1,371 shares of the company were exchanged, compared to its average volume of 2,598. The business’s 50 day simple moving average is $24.77 and its two-hundred day simple moving average is $24.64. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $21.55 and a 12-month high of $26.00.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.4481 per share. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.2%.
About Great Elm Group, Inc. 7.25% Notes due 2027
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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