Great Elm Group, Inc. (NASDAQ:GEG) Director David Matter Purchases 46,106 Shares

Great Elm Group, Inc. (NASDAQ:GEGGet Rating) Director David Matter acquired 46,106 shares of the stock in a transaction on Wednesday, June 15th. The stock was bought at an average price of $2.44 per share, for a total transaction of $112,498.64. Following the transaction, the director now owns 267,096 shares in the company, valued at approximately $651,714.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

David Matter also recently made the following trade(s):

  • On Monday, June 13th, David Matter bought 6,622 shares of Great Elm Group stock. The shares were acquired at an average price of $2.37 per share, for a total transaction of $15,694.14.

Shares of NASDAQ:GEG opened at $2.52 on Friday. Great Elm Group, Inc. has a 1 year low of $1.40 and a 1 year high of $2.76. The company has a current ratio of 3.73, a quick ratio of 3.68 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average price is $1.97 and its 200-day moving average price is $1.96.

Great Elm Group (NASDAQ:GEGGet Rating) last announced its earnings results on Thursday, May 5th. The company reported ($0.22) earnings per share (EPS) for the quarter. Great Elm Group had a negative net margin of 17.46% and a negative return on equity of 22.21%. The business had revenue of $16.62 million for the quarter.

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Great Elm Group during the 4th quarter valued at approximately $48,000. Morgan Stanley lifted its holdings in Great Elm Group by 27.8% in the 2nd quarter. Morgan Stanley now owns 48,228 shares of the company’s stock valued at $108,000 after purchasing an additional 10,500 shares in the last quarter. Royal Bank of Canada lifted its holdings in Great Elm Group by 41.9% in the 1st quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock valued at $122,000 after purchasing an additional 20,000 shares in the last quarter. Bank of America Corp DE lifted its holdings in Great Elm Group by 8,312.4% in the 2nd quarter. Bank of America Corp DE now owns 122,485 shares of the company’s stock valued at $275,000 after purchasing an additional 121,029 shares in the last quarter. Finally, Clayton Partners LLC purchased a new position in Great Elm Group in the 4th quarter valued at $418,000. Hedge funds and other institutional investors own 45.67% of the company’s stock.

About Great Elm Group (Get Rating)

Great Elm Group, Inc engages in the durable medical equipment and investment management businesses. The company distributes respiratory care equipment, including positive air pressure equipment and supplies, ventilators and oxygen equipment, and replacement parts, as well as provides sleep study services; and rents medical equipment.

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