Ballentine Partners LLC Acquires Shares of 40,000 Great Elm Group, Inc. (NASDAQ:GEG)

Ballentine Partners LLC bought a new position in shares of Great Elm Group, Inc. (NASDAQ:GEG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned approximately 0.13% of Great Elm Group as of its most recent SEC filing.

Great Elm Group Stock Performance

Shares of Great Elm Group stock opened at $1.80 on Monday. Great Elm Group, Inc. has a twelve month low of $1.70 and a twelve month high of $2.12. The firm’s 50-day moving average price is $1.81 and its 200 day moving average price is $1.82. The company has a current ratio of 32.43, a quick ratio of 32.43 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $53.53 million, a PE ratio of -35.99 and a beta of 0.99.

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

Great Elm Group Profile

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.