Great Elm Group (NASDAQ:GEG – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.50) earnings per share for the quarter, Zacks reports. Great Elm Group had a negative return on equity of 35.01% and a negative net margin of 60.61%.The business had revenue of $3.01 million during the quarter.
Great Elm Group Stock Up 1.5%
GEG stock opened at $2.06 on Friday. The business has a 50 day moving average of $2.44 and a 200 day moving average of $2.45. The firm has a market cap of $68.04 million, a PE ratio of -3.81 and a beta of 0.45. Great Elm Group has a twelve month low of $1.76 and a twelve month high of $3.51. The company has a quick ratio of 16.68, a current ratio of 16.68 and a debt-to-equity ratio of 0.73.
Hedge Funds Weigh In On Great Elm Group
A hedge fund recently bought a new stake in Great Elm Group stock. Millennium Management LLC bought a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 64,320 shares of the company’s stock, valued at approximately $158,000. Millennium Management LLC owned about 0.19% of Great Elm Group at the end of the most recent quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on GEG
Great Elm Group Company Profile
Great Elm Group (NASDAQ: GEG) is a closed-end investment company specializing in private credit and equity co-investments for U.S. middle-market companies. The firm’s portfolio is composed primarily of senior secured loans, unitranche financing structures and selective equity interests, with an emphasis on providing flexible capital solutions for growth initiatives, refinancings, acquisitions and recapitalizations.
Through a disciplined underwriting process, Great Elm Group evaluates opportunities across a diverse range of industry sectors, including healthcare, business services, manufacturing and consumer products.
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