Great Elm Group (NASDAQ:GEG) Shares Down 1.1% – What’s Next?

Great Elm Group, Inc. (NASDAQ:GEG)’s share price fell 1.1% during trading on Wednesday . The company traded as low as $1.85 and last traded at $1.87. 13,271 shares were traded during trading, a decline of 22% from the average session volume of 17,013 shares. The stock had previously closed at $1.89.

Great Elm Group Trading Down 1.1 %

The firm has a 50-day moving average of $1.84 and a two-hundred day moving average of $1.83. The firm has a market capitalization of $53.00 million, a P/E ratio of -187,000.00 and a beta of 0.98. The company has a current ratio of 30.34, a quick ratio of 30.34 and a debt-to-equity ratio of 0.89.

Great Elm Group (NASDAQ:GEG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.30). Great Elm Group had a return on equity of 0.19% and a net margin of 0.71%.

Institutional Investors Weigh In On Great Elm Group

An institutional investor recently bought a new position in Great Elm Group stock. Ballentine Partners LLC purchased a new stake in shares of Great Elm Group, Inc. (NASDAQ:GEG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $72,000. Ballentine Partners LLC owned about 0.13% of Great Elm Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Great Elm Group Company Profile

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.