Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) shares fell 1% during mid-day trading on Wednesday . The stock traded as low as $1.95 and last traded at $2.03. 31,907 shares changed hands during trading, an increase of 18% from the average session volume of 27,048 shares. The stock had previously closed at $2.05.
Great Elm Group Trading Down 1.4%
The firm has a 50-day moving average of $1.93 and a 200-day moving average of $1.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 30.34 and a current ratio of 30.34. The firm has a market capitalization of $57.28 million, a P/E ratio of -205,000.00 and a beta of 0.81.
Great Elm Group (NASDAQ:GEG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.50). Great Elm Group had a return on equity of 0.19% and a net margin of 0.71%. The company had revenue of $3.21 million for the quarter.
Institutional Investors Weigh In On Great Elm Group
A hedge fund recently bought a new stake in Great Elm Group stock. Ballentine Partners LLC acquired a new position in Great Elm Group, Inc. (NASDAQ:GEG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 40,000 shares of the company's stock, valued at approximately $72,000. Ballentine Partners LLC owned 0.13% of Great Elm Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 52.83% of the company's stock.
About Great Elm Group
(
Get Free Report)
Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.
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