Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,520 shares, a drop of 47.4% from the August 15th total of 2,887 shares. Based on an average daily volume of 1,683 shares, the short-interest ratio is currently 0.9 days.
Great Elm Group, Inc. 7.25% Notes due 2027 Trading Up 0.5%
Shares of NASDAQ GEGGL traded up $0.11 during trading on Thursday, reaching $24.69. 2,866 shares of the stock were exchanged, compared to its average volume of 2,548. The business’s 50-day moving average price is $24.77 and its 200 day moving average price is $24.65. Great Elm Group, Inc. 7.25% Notes due 2027 has a twelve month low of $21.55 and a twelve month high of $26.00.
Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a $0.4481 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $1.79 dividend on an annualized basis and a yield of 7.3%.
About Great Elm Group, Inc. 7.25% Notes due 2027
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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