Great Elm Group (NASDAQ:GEG) Stock Price Up 2.8% – Should You Buy?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price rose 2.8% during trading on Thursday . The stock traded as high as $1.85 and last traded at $1.85. Approximately 14,867 shares were traded during trading, a decline of 49% from the average daily volume of 29,027 shares. The stock had previously closed at $1.80.

Great Elm Group Trading Up 2.8 %

The company has a current ratio of 32.43, a quick ratio of 32.43 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $55.03 million, a price-to-earnings ratio of -36.99 and a beta of 1.00. The firm’s 50-day moving average is $1.80 and its 200 day moving average is $1.81.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). The business had revenue of $3.99 million during the quarter. Great Elm Group had a negative return on equity of 1.77% and a negative net margin of 6.90%.

Institutional Trading of Great Elm Group

A hedge fund recently raised its stake in Great Elm Group stock. Clayton Partners LLC grew its holdings in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 476,929 shares of the company’s stock after acquiring an additional 116,685 shares during the period. Clayton Partners LLC owned 1.50% of Great Elm Group worth $858,000 as of its most recent SEC filing. 52.83% of the stock is owned by hedge funds and other institutional investors.

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.