Great Elm Group, Inc. (NASDAQ:GEG) Major Shareholder Northern Right Capital Managem Buys 21,612 Shares

Great Elm Group, Inc. (NASDAQ:GEGGet Rating) major shareholder Northern Right Capital Managem bought 21,612 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average cost of $2.48 per share, with a total value of $53,597.76. Following the purchase, the insider now directly owns 3,194,035 shares of the company’s stock, valued at $7,921,206.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Northern Right Capital Managem also recently made the following trade(s):

  • On Tuesday, June 14th, Northern Right Capital Managem acquired 75,000 shares of Great Elm Group stock. The stock was purchased at an average cost of $2.42 per share, with a total value of $181,500.00.
  • On Thursday, June 2nd, Northern Right Capital Managem bought 6,292 shares of Great Elm Group stock. The shares were bought at an average cost of $2.41 per share, for a total transaction of $15,163.72.
  • On Tuesday, May 31st, Northern Right Capital Managem purchased 10,484 shares of Great Elm Group stock. The shares were acquired at an average price of $2.31 per share, for a total transaction of $24,218.04.
  • On Thursday, May 19th, Northern Right Capital Managem bought 40,000 shares of Great Elm Group stock. The stock was purchased at an average price of $2.15 per share, for a total transaction of $86,000.00.
  • On Friday, May 13th, Northern Right Capital Managem acquired 25,000 shares of Great Elm Group stock. The shares were bought at an average price of $2.05 per share, for a total transaction of $51,250.00.
  • On Monday, May 9th, Northern Right Capital Managem acquired 80,000 shares of Great Elm Group stock. The stock was purchased at an average price of $1.61 per share, with a total value of $128,800.00.

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 debt-to-equity ratio of 0.82, a current ratio of 3.73 and a quick ratio of 3.68. The stock has a 50-day moving average of $1.97 and a 200-day moving average of $1.96.

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

A number of large investors have recently modified their holdings of GEG. Citadel Advisors LLC acquired a new position in shares of Great Elm Group in the fourth quarter worth about $48,000. Morgan Stanley boosted its position in shares of Great Elm Group by 27.8% during the 2nd quarter. Morgan Stanley now owns 48,228 shares of the company’s stock worth $108,000 after purchasing an additional 10,500 shares during the period. Royal Bank of Canada boosted its position 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 buying an additional 20,000 shares during the period. Bank of America Corp DE raised its holdings in shares of 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 acquired a new stake in Great Elm Group during the 4th quarter worth $418,000. 45.67% of the stock is owned by institutional investors.

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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