Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,100 shares, a growth of 50.0% from the May 31st total of 3,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 32,100 shares, the days-to-cover ratio is presently 0.2 days.

Great Elm Group Stock Up 0.6 %

GEG opened at $1.80 on Monday. Great Elm Group has a 52 week low of $1.59 and a 52 week high of $2.20. The business has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $1.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 12.44 and a current ratio of 12.44.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.10) EPS for the quarter. Great Elm Group had a negative return on equity of 8.39% and a negative net margin of 48.75%. The firm had revenue of $2.79 million for the quarter.

Insider Buying and Selling at Great Elm Group

In other news, Director Matthew A. Drapkin bought 20,001 shares of Great Elm Group stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $1.76 per share, with a total value of $35,201.76. Following the completion of the acquisition, the director now directly owns 1,958,675 shares of the company’s stock, valued at $3,447,268. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Matthew A. Drapkin purchased 20,001 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $1.76 per share, for a total transaction of $35,201.76. Following the completion of the transaction, the director now directly owns 1,958,675 shares of the company’s stock, valued at $3,447,268. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason W. Reese acquired 24,984 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of $1.77 per share, with a total value of $44,221.68. Following the completion of the transaction, the insider now directly owns 6,354,630 shares of the company’s stock, valued at approximately $11,247,695.10. The disclosure for this purchase can be found here. Insiders bought 52,041 shares of company stock valued at $91,828 over the last quarter. 43.40% of the stock is currently owned by insiders.

Institutional Trading of Great Elm Group

Hedge funds have recently modified their holdings of the stock. Cove Street Capital LLC raised its stake in shares of Great Elm Group by 1.3% in the fourth quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock valued at $1,982,000 after acquiring an additional 13,200 shares in the last quarter. Clayton Partners LLC raised its stake in shares of Great Elm Group by 7.5% in the fourth quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock valued at $677,000 after acquiring an additional 24,204 shares in the last quarter. Kingdon Capital Management L.L.C. raised its stake in Great Elm Group by 0.7% in the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock valued at $2,694,000 after buying an additional 9,858 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Great Elm Group by 31.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after buying an additional 12,265 shares in the last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Great Elm Group Company Profile

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.