Great Elm Group (NASDAQ:GEG) Stock Price Down 1.4% – What’s Next?

Shares of Great Elm Group, Inc. (NASDAQ:GEG) fell 1.4% during trading on Tuesday . The company traded as low as $2.16 and last traded at $2.16. 3,548 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 12,260 shares. The stock had previously closed at $2.19.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Great Elm Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Great Elm Group Stock Performance

The stock has a market capitalization of $67.42 million, a P/E ratio of -2.62 and a beta of 0.57. The stock has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $2.17. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.56.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.45) earnings per share (EPS) for the quarter. Great Elm Group had a negative return on equity of 54.63% and a negative net margin of 100.48%.The company had revenue of $3.42 million for the quarter.

Institutional Trading of Great Elm Group

A number of large investors have recently added to or reduced their stakes in GEG. Millennium Management LLC acquired a new position in shares of Great Elm Group during the 3rd quarter worth about $158,000. Geode Capital Management LLC lifted its stake in Great Elm Group by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock valued at $461,000 after purchasing an additional 26,460 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Great Elm Group by 2,377.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock valued at $2,344,000 after purchasing an additional 881,955 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in Great Elm Group during the fourth quarter worth about $447,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

About Great Elm Group

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.