Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) Trading 0.4% Higher – What’s Next?

Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL) traded up 0.4% during trading on Thursday . The stock traded as high as $24.77 and last traded at $24.66. 3,900 shares traded hands during trading, an increase of 28% from the average session volume of 3,058 shares. The stock had previously closed at $24.55.

Great Elm Group, Inc. 7.25% Notes due 2027 Stock Performance

The firm’s fifty day simple moving average is $24.45 and its 200 day simple moving average is $24.57.

Great Elm Group, Inc. 7.25% Notes due 2027 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a dividend of $0.4481 per share. This represents a $1.79 annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, June 15th.

About Great Elm Group, Inc. 7.25% Notes due 2027

Great Elm Group, Inc is a U.S.-based private equity firm and business consolidator focused on acquiring and growing lower middle-market companies. Through its holding company structure, Great Elm Group invests equity capital alongside management teams in established businesses across diverse industries, including business services, healthcare and wellness, industrial services, and consumer products. The company’s disciplined investment approach emphasizes cash-flow stability, operational improvement, and strategic add-on acquisitions.

In June 2022, Great Elm Group, Inc completed the issuance of its 7.25% Notes due 2027 (NASDAQ: GEGGL), a series of senior unsecured notes that bear interest at a fixed rate payable semiannually and mature in 2027.