Great Elm Group, Inc. (NASDAQ:GEG) Short Interest Update

Great Elm Group, Inc. (NASDAQ:GEG) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 5,100 shares, an increase of 50.0% from the May 31st total of 3,400 shares. Based on an average daily trading volume, of 32,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Insider Activity at Great Elm Group

In other news, Director Matthew A. Drapkin bought 20,001 shares of Great Elm Group stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $1.76 per share, with a total value of $35,201.76. Following the purchase, the director now directly owns 1,958,675 shares of the company’s stock, valued at approximately $3,447,268. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Matthew A. Drapkin bought 20,001 shares of Great Elm Group stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $1.76 per share, with a total value of $35,201.76. Following the purchase, the director now directly owns 1,958,675 shares of the company’s stock, valued at approximately $3,447,268. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason W. Reese purchased 24,984 shares of Great Elm Group stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $1.77 per share, with a total value of $44,221.68. Following the completion of the purchase, the insider now owns 6,354,630 shares in the company, valued at approximately $11,247,695.10. The disclosure for this purchase can be found here. Insiders acquired a total of 52,041 shares of company stock valued at $91,828 in the last quarter. Insiders own 43.40% of the company’s stock.

Institutional Investors Weigh In On Great Elm Group

A number of large investors have recently made changes to their positions in the company. Cove Street Capital LLC boosted its holdings in shares of Great Elm Group by 1.3% during the 4th quarter. Cove Street Capital LLC now owns 1,021,646 shares of the company’s stock worth $1,982,000 after buying an additional 13,200 shares during the period. Clayton Partners LLC boosted its holdings in Great Elm Group by 7.5% in the 4th quarter. Clayton Partners LLC now owns 348,994 shares of the company’s stock valued at $677,000 after purchasing an additional 24,204 shares during the period. Kingdon Capital Management L.L.C. boosted its holdings in Great Elm Group by 0.7% in the 4th quarter. Kingdon Capital Management L.L.C. now owns 1,388,907 shares of the company’s stock valued at $2,694,000 after purchasing an additional 9,858 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Great Elm Group by 31.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,868 shares of the company’s stock valued at $98,000 after buying an additional 12,265 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Great Elm Group Stock Up 0.6 %

NASDAQ GEG opened at $1.80 on Monday. The company has a current ratio of 12.44, a quick ratio of 12.44 and a debt-to-equity ratio of 0.89. The company’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.88. Great Elm Group has a 12 month low of $1.59 and a 12 month high of $2.20.

Great Elm Group (NASDAQ:GEG) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter. Great Elm Group had a negative net margin of 48.75% and a negative return on equity of 8.39%. The firm had revenue of $2.79 million for the quarter.

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.