Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,743 shares, an increase of 83.7% from the September 30th total of 1,493 shares. Based on an average daily volume of 867 shares, the days-to-cover ratio is presently 3.2 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 0.2%
Shares of NASDAQ:GEGGL opened at $24.89 on Friday. The stock has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $24.65. Great Elm Group, Inc. 7.25% Notes due 2027 has a 12-month low of $23.80 and a 12-month high of $26.00.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. The ex-dividend date of this dividend is Tuesday, June 15th. This is a decrease from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531. This represents a $1.79 dividend on an annualized basis and a dividend 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.
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