Great Elm Group (NASDAQ:GEG) Stock Falls 0.5% - Here's Why

Key Points

• Great Elm Group shares fell 0.5% to $2.15, with trading volume slightly above average. The stock has a market capitalization of approximately $66.8 million.
• Analyst sentiment remains negative: Weiss Ratings downgraded the company’s rating from “sell (d+)” to “sell (d),” while the sole analyst covering the stock also rates it Sell.
• The company reported quarterly EPS of $0.04, missing the $0.32 consensus estimate by $0.28, alongside a negative net margin of 127.61% and negative return on equity of 63.44%.

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) shares traded down 0.5% during trading on Monday. The stock traded as low as $2.15 and last traded at $2.15. 13,135 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 12,904 shares. The stock had previously closed at $2.16.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Great Elm Group from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Great Elm Group has an average rating of "Sell".

Great Elm Group Stock Down 0.5%

The company has a current ratio of 12.89, a quick ratio of 12.89 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average price of $2.18 and a 200-day moving average price of $2.16. The firm has a market cap of $66.84 million, a price-to-earnings ratio of -1.87 and a beta of 0.56.

Great Elm Group (NASDAQ:GEG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.28). Great Elm Group had a negative net margin of 127.61% and a negative return on equity of 63.44%. The business had revenue of $10.56 million during the quarter.

Institutional Trading of Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Rockefeller Capital Management L.P. acquired a new position in shares of Great Elm Group, Inc. (NASDAQ:GEG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 52.83% of the company's stock.

Great Elm Group Company Profile

Great Elm Group, Inc is a publicly traded holding company focused primarily on asset management and specialty finance. Through its subsidiaries, the company manages investment strategies and makes investments in credit-oriented assets and other opportunities.

Great Elm's investment management business is conducted through Great Elm Capital Management, an alternative investment manager that focuses on middle-market credit and related investments. The company also has an interest in Great Elm Capital Corp., a business development company that invests primarily in the debt and equity securities of middle-market businesses.

Great Elm Group serves institutional and other investment clients through its managed funds and affiliated investment vehicles.

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