Great Elm Group (NASDAQ:GEG) Posts Earnings Results

Great Elm Group (NASDAQ:GEG) announced its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, Zacks reports. The company had revenue of $10.56 million for the quarter. Great Elm Group had a negative return on equity of 54.63% and a negative net margin of 100.48%.

Great Elm Group Price Performance

Shares of NASDAQ:GEG remained flat at $2.15 on Wednesday. The company’s stock had a trading volume of 3,762 shares, compared to its average volume of 17,822. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.56. The stock has a market cap of $67.42 million, a PE ratio of -2.62 and a beta of 0.57. The company has a fifty day moving average of $2.23 and a 200-day moving average of $2.13. Great Elm Group has a 12 month low of $1.80 and a 12 month high of $3.51.

Institutional Investors Weigh In On Great Elm Group

A number of institutional investors have recently added to or reduced their stakes in GEG. Millennium Management LLC bought a new position in Great Elm Group during the third quarter worth about $158,000. Geode Capital Management LLC boosted its stake in Great Elm Group by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock valued at $461,000 after buying an additional 26,460 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Great Elm Group by 2,377.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock worth $2,344,000 after acquiring an additional 881,955 shares in the last quarter. 52.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Great Elm Group in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.