Clayton Partners LLC Grows Position in Great Elm Group, Inc. (NASDAQ:GEG)

Clayton Partners LLC increased its position in Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the quarter. Clayton Partners LLC owned 1.50% of Great Elm Group worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GEG. Oppenheimer Asset Management Inc. raised its position in Great Elm Group by 31.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after purchasing an additional 12,265 shares during the last quarter. Cove Street Capital LLC lifted its stake in 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 worth $1,982,000 after acquiring an additional 13,200 shares during the period. Finally, Kingdon Capital Management L.L.C. boosted its holdings 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 acquiring an additional 9,858 shares in the last quarter. 52.83% of the stock is owned by hedge funds and other institutional investors.

Great Elm Group Stock Up 1.1 %

Shares of Great Elm Group stock opened at $1.92 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.26 and a quick ratio of 15.26. Great Elm Group, Inc. has a 12-month low of $1.59 and a 12-month high of $2.17. The company’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $1.84.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.42). Great Elm Group had a negative net margin of 6.41% and a negative return on equity of 1.63%. The company had revenue of $8.92 million for the quarter.

About Great Elm Group

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.