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

Key Points

• Great Elm Group reported quarterly EPS of $0.04 on revenue of $10.56 million, while posting a negative net margin of 100.48% and negative return on equity of 54.63%.
• Shares were unchanged at $2.15, with the stock trading well below its 52-week high of $3.51; institutional investors own 52.83% of outstanding shares.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (D-)” rating, and the company has an overall “Sell” rating from the one analyst tracked by MarketBeat.

Great Elm Group (NASDAQ:GEG - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) 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 during mid-day trading on Wednesday. 3,762 shares of the stock traded hands, compared to its average volume of 17,822. The company has a debt-to-equity ratio of 1.56, a current ratio of 13.18 and a quick ratio of 13.18. The company has a market capitalization of $67.42 million, a P/E ratio of -2.62 and a beta of 0.57. Great Elm Group has a 52-week low of $1.80 and a 52-week high of $3.51. The business has a 50-day moving average of $2.23 and a 200-day moving average of $2.13.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Great Elm Group by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company's stock worth $461,000 after buying an additional 26,460 shares in the last quarter. Millennium Management LLC purchased a new stake in Great Elm Group in the third quarter valued at $158,000. Finally, Goldman Sachs Group Inc. increased its position in shares of 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 valued at $2,344,000 after acquiring an additional 881,955 shares during the last quarter. Institutional investors own 52.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Great Elm Group in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source