Great Elm Group (NASDAQ:GEG) Shares Up 2.8% – Here’s What Happened

Great Elm Group, Inc. (NASDAQ:GEG) shot up 2.8% during trading on Thursday . The company traded as high as $1.85 and last traded at $1.85. 14,867 shares were traded during mid-day trading, a decline of 49% from the average session volume of 29,027 shares. The stock had previously closed at $1.80.

Great Elm Group Stock Up 2.7 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 32.43 and a quick ratio of 32.43. The stock has a market cap of $56.51 million, a price-to-earnings ratio of -37.99 and a beta of 1.00. The firm has a 50 day simple moving average of $1.80 and a two-hundred day simple moving average of $1.81.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). The firm had revenue of $3.99 million during the quarter. Great Elm Group had a negative net margin of 6.90% and a negative return on equity of 1.77%.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently raised its position in Great Elm Group stock. Clayton Partners LLC boosted its stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) by 32.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 476,929 shares of the company’s stock after buying an additional 116,685 shares during the period. Clayton Partners LLC owned approximately 1.50% of Great Elm Group worth $858,000 as of its most recent filing with the SEC. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

About Great Elm Group

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.