Oppenheimer Asset Management Inc. Sells 11,226 Shares of Great Elm Group, Inc. (NASDAQ:GEG)

Oppenheimer Asset Management Inc. decreased its position in Great Elm Group, Inc. (NASDAQ:GEG) by 22.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,642 shares of the company’s stock after selling 11,226 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Great Elm Group were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Kingdon Capital Management L.L.C. lifted 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 during the period. Clayton Partners LLC lifted its holdings in 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 during the period. Finally, Cove Street Capital LLC lifted its holdings 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 valued at $1,982,000 after acquiring an additional 13,200 shares during the period. Institutional investors own 52.83% of the company’s stock.

Great Elm Group Trading Up 1.1 %

NASDAQ GEG opened at $1.92 on Monday. The stock’s 50-day moving average price is $1.82 and its 200-day moving average price is $1.84. The company has a quick ratio of 15.26, a current ratio of 15.26 and a debt-to-equity ratio of 0.87. Great Elm Group, Inc. has a 52 week low of $1.59 and a 52 week high of $2.17.

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

Great Elm Group 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.