Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,032 shares, an increase of 134.6% from the April 30th total of 2,145 shares. Based on an average trading volume of 2,727 shares, the short-interest ratio is presently 1.8 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance
GEGGL stock traded up $0.10 during midday trading on Friday, reaching $24.65. The company had a trading volume of 1,320 shares, compared to its average volume of 2,949. The stock has a 50 day moving average price of $24.44 and a 200 day moving average price of $24.57. Great Elm Group, Inc. 7.25% Notes due 2027 has a fifty-two week low of $21.55 and a fifty-two week high of $25.50.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a $0.4481 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, June 15th.
Great Elm Group, Inc. 7.25% Notes due 2027 Company Profile
Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.
In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.
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