Great Elm Group (NASDAQ:GEG) Announces Quarterly Earnings Results

Great Elm Group (NASDAQ:GEG) issued its earnings results on Wednesday. The company reported ($0.50) earnings per share for the quarter, Zacks reports. Great Elm Group had a negative return on equity of 13.12% and a net margin of 13.94%.

Great Elm Group Price Performance

Shares of NASDAQ GEG opened at $2.03 on Thursday. Great Elm Group has a 12-month low of $1.76 and a 12-month high of $3.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 16.68 and a current ratio of 16.68. The firm has a 50 day moving average of $2.45 and a 200 day moving average of $2.46.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Great Elm Group in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Millennium Management LLC bought a new position in Great Elm Group, Inc. (NASDAQ:GEG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 64,320 shares of the company’s stock, valued at approximately $158,000. Millennium Management LLC owned approximately 0.19% of Great Elm Group at the end of the most recent quarter. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

About Great Elm Group

Great Elm Group (NASDAQ: GEG) is a closed-end investment company specializing in private credit and equity co-investments for U.S. middle-market companies. The firm’s portfolio is composed primarily of senior secured loans, unitranche financing structures and selective equity interests, with an emphasis on providing flexible capital solutions for growth initiatives, refinancings, acquisitions and recapitalizations.

Through a disciplined underwriting process, Great Elm Group evaluates opportunities across a diverse range of industry sectors, including healthcare, business services, manufacturing and consumer products.