Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 333 shares, a drop of 60.4% from the December 31st total of 840 shares. Based on an average trading volume of 455 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 455 shares, the days-to-cover ratio is presently 0.7 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Stock Up 0.1%
NASDAQ GEGGL traded up $0.02 on Thursday, hitting $24.60. 3,402 shares of the company’s stock were exchanged, compared to its average volume of 900. The stock has a 50-day moving average of $24.65 and a 200-day moving average of $24.41. Great Elm Group, Inc. 7.25% Notes due 2027 has a 52 week low of $20.84 and a 52 week high of $25.50.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be paid a $0.4481 dividend. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $1.79 annualized dividend and a yield of 7.3%.
About Great Elm Group, Inc. 7.25% Notes due 2027
Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.
In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.
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