Great Elm Group, Inc. (NASDAQ:GEG) Director Matthew A. Drapkin Purchases 50,000 Shares

Great Elm Group, Inc. (NASDAQ:GEG – Get Rating) Director Matthew A. Drapkin acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $1.97 per share, for a total transaction of $98,500.00. Following the completion of the purchase, the director now owns 1,857,483 shares of the company’s stock, valued at $3,659,241.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Great Elm Group Price Performance

Shares of GEG opened at $2.06 on Tuesday. Great Elm Group, Inc. has a 52-week low of $1.82 and a 52-week high of $2.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 22.07 and a current ratio of 22.07. The business’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $2.12. The firm has a market cap of $63.12 million, a PE ratio of -2.54 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Great Elm Group from a “d” rating to a “c-” rating in a research note on Tuesday, February 14th.

Hedge Funds Weigh In On Great Elm Group

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. acquired a new position in Great Elm Group in the fourth quarter valued at approximately $49,000. Clayton Partners LLC bought a new stake in shares of Great Elm Group during the third quarter valued at approximately $106,000. Royal Bank of Canada increased its holdings in shares of Great Elm Group by 41.9% during the first quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock valued at $122,000 after acquiring an additional 20,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Great Elm Group by 2.8% during the first quarter. Renaissance Technologies LLC now owns 715,800 shares of the company’s stock valued at $1,625,000 after acquiring an additional 19,824 shares in the last quarter. Finally, Citigroup Inc. bought a new stake in shares of Great Elm Group during the first quarter valued at approximately $2,465,000. 77.74% of the stock is owned by institutional investors and hedge funds.

Great Elm Group Company Profile

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Great Elm Group, Inc operates as a holding company. It engages in the provision of investment management and real estate management services. It operates through Durable Medical Equipment and Investment Management segments. The Durable Medical Equipment segment includes selling, replacement parts, and supplies to customers.