Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Shares Climb 1.8% – Here’s What Happened

Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL)’s share price rose 1.8% during trading on Wednesday. The stock traded as high as $24.89 and last traded at $24.85. 2,869 shares changed hands during trading, an increase of 16% from the average daily volume of 2,471 shares. The stock had previously closed at $24.41.

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

The business’s 50-day moving average price is $24.70 and its two-hundred day moving average price is $24.65.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a dividend of $0.4481 per share. This is a negative change 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 dividend on an annualized basis and a 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.