Great Elm Group (NASDAQ:GEG) Releases Earnings Results

Great Elm Group (NASDAQ:GEG) released its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, Zacks reports. The firm had revenue of $10.56 million for the quarter. Great Elm Group had a negative net margin of 127.61% and a negative return on equity of 58.21%.

Great Elm Group Price Performance

GEG stock opened at $2.15 on Friday. The business has a 50 day moving average of $2.21 and a 200 day moving average of $2.13. The firm has a market cap of $67.42 million, a PE ratio of -1.87 and a beta of 0.57. Great Elm Group has a twelve month low of $1.80 and a twelve month high of $3.51. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Great Elm Group in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Great Elm Group

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in Great Elm Group during the 3rd quarter valued at about $158,000. Geode Capital Management LLC raised its holdings in Great Elm Group by 17.1% in the fourth quarter. Geode Capital Management LLC now owns 180,866 shares of the company’s stock worth $461,000 after buying an additional 26,460 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Great Elm Group by 2,377.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 919,048 shares of the company’s stock worth $2,344,000 after buying an additional 881,955 shares during the last quarter. 52.83% of the stock is owned by hedge funds and other institutional investors.

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.