Great Elm Group, Inc. (NASDAQ:GEG – Get Free Report) Director Matthew A. Drapkin purchased 185,562 shares of Great Elm Group stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $1.99 per share, for a total transaction of $369,268.38. Following the transaction, the director now directly owns 2,259,600 shares in the company, valued at $4,496,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Great Elm Group Stock Performance
Shares of Great Elm Group stock opened at $1.99 on Thursday. Great Elm Group, Inc. has a 52-week low of $1.59 and a 52-week high of $2.49. The company has a 50 day moving average of $1.98 and a 200 day moving average of $2.02. The company has a current ratio of 23.46, a quick ratio of 23.46 and a debt-to-equity ratio of 0.94.
Institutional Investors Weigh In On Great Elm Group
Several institutional investors have recently modified their holdings of GEG. Cove Street Capital LLC lifted its stake in Great Elm Group by 7.2% during the third quarter. Cove Street Capital LLC now owns 1,008,446 shares of the company’s stock worth $2,158,000 after purchasing an additional 67,393 shares during the last quarter. Northern Right Capital Management L.P. raised its stake in Great Elm Group by 8.8% during the 2nd quarter. Northern Right Capital Management L.P. now owns 3,969,784 shares of the company’s stock worth $8,138,000 after acquiring an additional 320,597 shares in the last quarter. Renaissance Technologies LLC lifted its position in Great Elm Group by 2.4% in the second quarter. Renaissance Technologies LLC now owns 732,876 shares of the company’s stock valued at $1,502,000 after acquiring an additional 17,076 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in Great Elm Group in the second quarter valued at $44,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Great Elm Group by 14.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 60,824 shares of the company’s stock worth $125,000 after purchasing an additional 7,504 shares in the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.
About Great Elm Group
Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.
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