Great Elm Group (NASDAQ:GEG) Issues Earnings Results

Great Elm Group (NASDAQ:GEG) announced its quarterly earnings results on Wednesday. The company reported ($0.45) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $3.42 million during the quarter. Great Elm Group had a negative net margin of 100.48% and a negative return on equity of 48.28%.

Great Elm Group Stock Performance

Shares of GEG stock traded up $0.07 during trading hours on Friday, hitting $2.12. The stock had a trading volume of 10,004 shares, compared to its average volume of 25,004. The firm has a market capitalization of $69.54 million, a PE ratio of -2.57 and a beta of 0.56. Great Elm Group has a twelve month low of $1.80 and a twelve month high of $3.51. The stock’s 50 day moving average is $2.01 and its 200 day moving average is $2.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 10.32 and a quick ratio of 10.32.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Great Elm Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Great Elm Group has a consensus rating of “Sell”.

Institutional Investors Weigh In On Great Elm Group

Large investors have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in shares of Great Elm Group in the third quarter valued at approximately $158,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Great Elm Group in the fourth quarter valued at approximately $447,000. Geode Capital Management LLC boosted its holdings in shares of Great Elm Group by 17.1% in the fourth quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock valued at $461,000 after acquiring an additional 26,460 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Great Elm Group by 2,377.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock valued at $2,344,000 after acquiring an additional 881,955 shares during the period. 52.83% of the stock is owned by institutional investors and hedge funds.

Great Elm Group Company Profile

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.