Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $24.65 and traded as high as $24.89. Great Elm Group, Inc. 7.25% Notes due 2027 shares last traded at $24.85, with a volume of 2,869 shares changing hands.

Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance

The business has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $24.65.

Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.4481 dividend. This is a drop from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.4531. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 annualized dividend and a dividend yield of 7.2%.

About Great Elm Group, Inc. 7.25% Notes due 2027

Great Elm Group, Inc is a diversified holding company focused on investment management, specialty finance and related financial services. The company seeks to build value through investments in and ownership of operating businesses and investment platforms, with an emphasis on credit and other alternative investment opportunities.

Through its subsidiaries and affiliated entities, Great Elm Group has been associated with middle-market lending and investment activities. Its investment operations have included Great Elm Capital Corp., a business development company that invests primarily in debt and equity securities of middle-market companies, and Great Elm Capital Management, an investment adviser involved in managing related investment portfolios.

Great Elm Group’s activities are primarily conducted in the United States.