Great Elm Group (NASDAQ:GEG) Shares Climb 0.5% - What's Next?

Key Points

• Great Elm Group shares rose 0.5% to $2.16 in light trading, with a market capitalization of approximately $67.2 million.
• Weiss Ratings downgraded the stock’s rating from “sell (d+)” to “sell (d),” while the overall analyst consensus remains “Sell.”
• The company reported quarterly earnings of $0.04 per share, missing the $0.32 consensus estimate by $0.28, despite generating $10.56 million in revenue. Institutional investors own 52.83% of the shares, and Rockefeller Capital Management recently acquired about 175,145 shares.

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) traded up 0.5% on Tuesday. The company traded as high as $2.16 and last traded at $2.16. Approximately 2,285 shares changed hands during mid-day trading, The stock had previously closed at $2.15.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Great Elm Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Great Elm Group currently has a consensus rating of "Sell".

Great Elm Group Trading Up 0.5%

The company has a market capitalization of $67.17 million, a PE ratio of -1.88 and a beta of 0.56. The stock has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.15.

Great Elm Group (NASDAQ:GEG - Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.28). The company had revenue of $10.56 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Great Elm Group stock. Rockefeller Capital Management L.P. acquired a new position in Great Elm Group, Inc. (NASDAQ:GEG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 175,145 shares of the company's stock, valued at approximately $447,000. Rockefeller Capital Management L.P. owned about 0.53% of Great Elm Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 52.83% of the company's stock.

Great Elm Group Company Profile

Great Elm Group, Inc NASDAQ: GEG is a diversified holding company focused on asset management, specialty finance and related investment activities. Through its subsidiaries and affiliated businesses, the company seeks to invest in and manage a range of financial assets and operating businesses.

One of Great Elm Group's principal activities is alternative asset management. Its investment-management operations have been associated with investment vehicles that pursue credit and other opportunistic strategies, including Great Elm Capital Corp., a business development company.

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