Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Shares Break Above 200 Day Moving Average – Here’s What Happened

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $24.65 and traded as high as $24.89. Great Elm Group, Inc. 7.25% Notes due 2027 shares last traded at $24.85, with a volume of 2,869 shares.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance

The company’s 50 day moving average price is $24.70 and its 200 day moving average price is $24.65.

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 given a $0.4481 dividend. This is a drop from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 annualized dividend and a yield of 7.2%.

Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile

Great Elm Group, Inc is a diversified holding company focused on investment management, specialty finance and related financial services. The company seeks to build value through investments in and ownership of operating businesses and investment platforms, with an emphasis on credit and other alternative investment opportunities.

Through its subsidiaries and affiliated entities, Great Elm Group has been associated with middle-market lending and investment activities. Its investment operations have included Great Elm Capital Corp., a business development company that invests primarily in debt and equity securities of middle-market companies, and Great Elm Capital Management, an investment adviser involved in managing related investment portfolios.

Great Elm Group’s activities are primarily conducted in the United States.