Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) fell 0.8% during mid-day trading on Monday . The stock traded as low as $24.51 and last traded at $24.70. Approximately 363 shares changed hands during trading, a decline of 87% from the average daily volume of 2,866 shares. The stock had previously closed at $24.89.
Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 0.3%
The firm has a fifty day simple moving average of $24.61 and a two-hundred day simple moving average of $24.60.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.4481 per share. This represents a $1.79 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 15th.
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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