Great Elm Capital Group, Inc. (GEC) CEO Peter A. Reed Purchases 160,328 Shares
Great Elm Capital Group, Inc. (NASDAQ:GEC) CEO Peter A. Reed purchased 160,328 shares of Great Elm Capital Group stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $3.75 per share, with a total value of $601,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Great Elm Capital Group, Inc. (GEC) traded up $0.05 on Wednesday, reaching $3.80. The company had a trading volume of 104,175 shares, compared to its average volume of 56,361. Great Elm Capital Group, Inc. has a twelve month low of $2.95 and a twelve month high of $4.55. The company has a quick ratio of 11.30, a current ratio of 11.30 and a debt-to-equity ratio of 0.07.
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A hedge fund recently raised its stake in Great Elm Capital Group stock. Royce & Associates LP boosted its position in Great Elm Capital Group, Inc. (NASDAQ:GEC) by 22.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 540,745 shares of the software maker’s stock after purchasing an additional 100,000 shares during the quarter. Royce & Associates LP owned about 2.13% of Great Elm Capital Group worth $1,920,000 at the end of the most recent reporting period. 36.79% of the stock is owned by hedge funds and other institutional investors.
About Great Elm Capital Group
Great Elm Capital Group, Inc, formerly Unwired Planet, Inc, is a holding company. The Company makes investments in businesses and assets in various industries. The Company’s investment for long-term value creation is in the asset management business. The Company continues to explore other opportunities in the investment management business, including other business development companies (BDCs) that trade at a discount to their net asset value.
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